Published: 2026-02-10T12:25:41.000Z
Chart EUR/GBP Update: Cautious trade - daily studies rising
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Little change, as prices extend cautious/choppy trade within resistance at 0.8695/00 - 0.8720
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8772 | * | GBP/EUR 1.1500 | S1 | 0.8670 | * | congestion | |
| R3 | 0.8750 | * | congestion | S2 | 0.8640 | * | congestion | |
| R2 | 0.8720 | * | congestion | S3 | 0.8620 | * | GBP/EUR 1.1600 | |
| R1 | 0.8695/00 | * | GBP/EUR 1.1500; cong | S4 | 0.8610 | ** | 50% ret of May-Nov rally |
Asterisk denotes strength of level
12:05 GMT - Little change, as prices extend cautious/choppy trade within resistance at 0.8695/00 - 0.8720. Intraday studies are mixed and overbought daily stochastics are flattening, suggesting room for further cautious trade. However, the rising daily Tension Indicator and improving weekly charts point to room for a later break and extension of February gains towards 0.8750. Meanwhile, support remains at congestion around 0.8670. A break beneath here, if seen, will help to stabilise price action and give way to consolidation above further congestion around 0.8640.