Published: 2025-05-23T07:44:26.000Z
Chart EUR/GBP Update: Under pressure, .8400/.8385 support at risk
Technical Analyst
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Prices remains under pressure after shallow bounce from the June/July lows was checked at the .8450/.8475 resistance
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8520 | ** | 16 Apr low | S1 | 0.8400 | * | Jun low | |
| R3 | 0.8500 | * | congestion | S2 | 0.8385 | * | Jul low | |
| R2 | 0.8475 | ** | congestion, Jan high | S3 | 0.8350 | * | congestion | |
| R1 | 0.8450 | * | congestion, Mar high | S4 | 0.8315 | ** | 28 Mar low |
Asterisk denotes strength of level
07:35 GMT - Prices remains under pressure after shallow bounce from the June/July lows was checked at the .8450/.8475 resistance. Break of the .8400/.8385 support will further extend the April losses and see extension to support at .8350 congestion. Lower still, will see continuation to the .8315/00 support. Below this will return focus to the downside to the .8240/.8222, February YTD and December 2024 year lows. Would take break above resistance at March and January highs at .8450/.8475 to open up room for stronger corrective bounce.