Published: 2026-08-06T07:52:05.000Z
Chart EUR/GBP Update: Drifting higher
1
Cautious trade has drifted still higher, with prices reaching 0.8585~ before settling back into consolidation around 0.8575
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8650 | * | congestion | S1 | 0.8560 | 4 Aug low | ||
| R3 | 0.8620 | GBP/EUR 1.1600 | S2 | 0.8547 | ** | GBP/EUR 1.1700 | ||
| R2 | 0.8600 | ** | congestion | S3 | 0.8520 | congestion | ||
| R1 | 0.8585 | * | 30 Jul (m) high | S4 | 0.8500 | ** | congestion |
Asterisk denotes strength of level
08:45 BST - Cautious trade has drifted still higher, with prices reaching 0.8585~ before settling back into consolidation around 0.8575. Overbought daily stochastics and the daily Tension Indicator are rising, suggesting room for a test of resistance at the 0.8585 monthly high of 30 July. Initial tests could give way to consolidation, before improving weekly charts prompt a later break and extend July gains initially towards 0.8600. Meanwhile, support is at the 0.8560 low of 4 August and extends to 0.8547, (GBP/EUR 1.1700). This range should underpin any immediate setbacks.