Published: 2025-12-17T09:06:28.000Z
Chart EUR/GBP Update: Choppy in range - potential for a test higher
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The test below 0.8772, (GBP/EUR 1.1400), has bounced smartly from above support at 0.8740
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8865 | ** | 14 Nov YTD high | S1 | 0.8772 | * | GBP/EUR 1.1400 | |
| R3 | 0.8850 | * | GBP/EUR 1.1300 | S2 | 0.8740 | break level | ||
| R2 | 0.8840 | * | 20 Nov (w) high | S3 | 0.8720 | * | congestion | |
| R1 | 0.8800 | * | break level | S4 | 0.8695/00 | * | GBP/EUR 1.1500; cong |
Asterisk denotes strength of level
08:50 GMT - The test below 0.8772, (GBP/EUR 1.1400), has bounced smartly from above support at 0.8740, as oversold intraday studies unwind, with sharp gains currently trading around 0.8790. Daily readings are mixed/positive, suggesting room for a test above resistance at 0.8840. But mixed/negative weekly charts should limit immediate scope in renewed selling interest/consolidation beneath the 0.8840 weekly high of 20 November and 0.8850, (GBP/EUR 1.1300). Meanwhile, any fresh tests below 0.8772 are expected to be limited in consolidation above strong support at 0.8720/40.