Published: 2026-04-17T08:14:07.000Z
Chart EUR/GBP Update: Choppy in range
2
Choppy trade around 0.8695/00 has given way to a test higher to resistance at 0.8720
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8772 | * | GBP/EUR 1.1400 | S1 | 0.8695/00 | * | GBP/EUR 1.1500; cong | |
| R3 | 0.8750 | ** | congestion | S2 | 0.8670 | * | congestion | |
| R2 | 0.8735 | * | congestion highs | S3 | 0.8650 | * | congestion | |
| R1 | 0.8720 | * | break level | S4 | 0.8613/20 | ** | 4 Feb (m) low; GBP/EUR 1.1600 |
Asterisk denotes strength of level
09:05 BST - Choppy trade around 0.8695/00 has given way to a test higher to resistance at 0.8720, where mixed intraday studies are prompting renewed selling interest. Bearish daily readings are flattening and broader weekly charts are rising, suggesting room for further strength in the coming sessions. But a close above the 0.8735 congestion highs is needed to improve price action and extend mid-March gains initially towards congestion around 0.8750. Meanwhile, a close below support at 0.8695/00, if seen, would add weight to sentiment and open up a test of congestion support at 0.8670.