Published: 2026-05-13T08:19:11.000Z
Chart EUR/GBP Update: Higher levels sharply rejected
2
The anticipated break above strong resistance at 0.8695, (GBP/EUR 1.1500), and congestion around 0.8700, has not been seen
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8743 | * | 31 Mar (w) high | S1 | 0.8650 | * | congestion | |
| R3 | 0.8720 | congestion | S2 | 0.8640 | intraday lows | |||
| R2 | 0.8695/00 | ** | GBP/EUR 1.1500; congestion | S3 | 0.8612/20 | ** | 19 Mar YTD low; GBP/EUR 1.1600 | |
| R1 | 0.8670 | * | congestion | S4 | 0.8600 | ** | congestion |
Asterisk denotes strength of level
09:05 BST - The anticipated break above strong resistance at 0.8695, (GBP/EUR 1.1500), and congestion around 0.8700, has not been seen, as unwinding overbought intraday studies prompt renewed selling interest. Steady selling interest has prompted a break below 0.8670 and put focus back on congestion support at 0.8650. But rising daily readings should limit any initial break in consolidation above 0.8640. Meanwhile, resistance is lowered to congestion around 0.8670. Mixed weekly charts should limit any break in consolidation beneath 0.8695/00.