Published: 2026-04-09T08:18:56.000Z
Chart EUR/GBP Update: Back in range, but studies under pressure
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The anticipated break below support at 0.8695, (GBP/EUR 1.1500), and congestion around 0.8700 has bounced from 0.8685
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8790 | ** | 27 Feb YTD high | S1 | 0.8695/00 | * | GBP/EUR 1.1500; cong | |
| R3 | 0.8772 | * | GBP/EUR 1.1400 | S2 | 0.8670 | * | congestion | |
| R2 | 0.8750 | ** | congestion | S3 | 0.8650 | * | congestion | |
| R1 | 0.8735 | * | congestion highs | S4 | 0.8613/20 | ** | 4 Feb (m) low; GBP/EUR 1.1600 |
Asterisk denotes strength of level
09:10 BST - The anticipated break below support at 0.8695, (GBP/EUR 1.1500), and congestion around 0.8700 has bounced from 0.8685, as oversold intraday studies unwind, with prices once again balanced in cautious trade above 0.8695/00. Daily readings continue to point lower, highlighting room for a break back beneath here towards congestion around 0.8670. But rising weekly charts should limit any deeper losses in renewed buying interest/consolidation above 0.8650. Meanwhile, resistance remains at the 0.8735 congestion highs and should continue to cap any immediate tests higher.