Published: 2026-05-19T08:15:29.000Z
Chart EUR/GBP Update: Consolidating sharp losses
2
Anticipated losses have fallen to congestion support at 0.8670
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8750 | ** | break level | S1 | 0.8670 | * | congestion | |
| R3 | 0.8743 | * | 31 Mar (w) high | S2 | 0.8650 | * | congestion | |
| R2 | 0.8720 | congestion | S3 | 0.8640 | intraday lows | |||
| R1 | 0.8695/00 | ** | GBP/EUR 1.1500; congestion | S4 | 0.8612/20 | ** | Feb-Mar YTD lows; GBP/EUR 1.1600 |
Asterisk denotes strength of level
09:05 BST - Anticipated losses have fallen to congestion support at 0.8670, where unwinding oversold intraday studies are prompting a bounce to 0.8680. Overbought daily stochastics unwinding and the positive daily Tension Indicator is showing early signs of flattening, suggesting room for a test below 0.8670. Focus will then turn to further congestion around 0.8650. But improving weekly charts should limit any initial tests in renewed buying interest/consolidation. Meanwhile, resistance is at 0.8695/00. Any immediate tests above here should give way to consolidation beneath further congestion around 0.8720.