Published: 2025-09-04T07:56:02.000Z
Chart EUR/GBP Update: Consolidating
Senior Technical Strategist
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Cautious trade beneath 0.8695, (GBP/EUR 1.1500), has given way to a pullback to support at the 0.8672 weekly high of 22 August
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8765/72 | ** | Nov 2023 high; GBP/EUR 1.1400 | S1 | 0.8672 | * | 22 Aug (w) high | |
| R3 | 0.8752 | ** | 28 Jul YTD high | S2 | 0.8650 | ** | congestion | |
| R2 | 0.8737 | ** | 11 Apr (m) high | S3 | 0.8620 | * | GBP/EUR 1.1600 | |
| R1 | 0.8695 | ** | GBP/EUR 1.1500 | S4 | 0.8600 | ** | cong, 38.2% ret |
Asterisk denotes strength of level
08:45 BST - Cautious trade beneath 0.8695, (GBP/EUR 1.1500), has given way to a pullback to support at the 0.8672 weekly high of 22 August, where mixed intraday studies are prompting fresh consolidation. A test beneath here cannot be ruled out, but mixed daily and weekly charts are expected to limit scope in renewed buying interest/consolidation around congestion support at 0.8650. Meanwhile, a close above 0.8695 is needed to turn sentiment cautiously positive and open up a test of critical resistance within 0.8737/52.