Published: 2025-03-12T08:59:58.000Z
Chart EUR/GBP Update: Balanced in 0.8430/50 - background studies improving
Senior Technical Strategist
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Little change, as mixed/negative intraday studies and flat overbought daily stochastics keep near-term sentiment cautious
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8500 | * | congestion | S1 | 0.8400/03 | ** | cong; GBP/EUR 1.1900 | |
| R3 | 0.8473/75 | ** | 20 Jan YTD high; GBP/EUR 1.1800 | S2 | 0.8350 | ** | congestion | |
| R2 | 0.8450 | * | congestion | S3 | 0.8333 | * | GBP/EUR 1.2000 | |
| R1 | 0.8430 | *- | range lows | S4 | 0.8300 | ** | congestion |
Asterisk denotes strength of level
08:50 GMT - Little change, as mixed/negative intraday studies and flat overbought daily stochastics keep near-term sentiment cautious and extend choppy trade within resistance at 0.8430/50. The daily Tension Indicator continues to strengthen and broader weekly charts are also turning up, suggesting room for a later break above here and continuation of February gains towards strong resistance within 0.8473/75. Meanwhile, support remains at 0.8400/03. A close beneath here, if seen, would turn sentiment neutral and prompt consolidation above congestion support at 0.8350.