Published: 2026-06-19T09:46:52.000Z
Chart EUR/GBP Update: Pullback from 0.8680
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The anticipated test of congestion resistance at 0.8680 has given way to the expected pullback
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8743 | ** | 31 Mar (w) high | S1 | 0.8660 | * | congestion | |
| R3 | 0.8725 | ** | congestion | S2 | 0.8640 | * | congestion | |
| R2 | 0.8695/00 | ** | GBP/EUR 1.1500; congestion | S3 | 0.8620 | ** | GBP/EUR 1.1600 | |
| R1 | 0.8680 | * | congestion | S4 | 0.8612 | ** | Feb-Mar YTD lows |
Asterisk denotes strength of level
10:40 BST - The anticipated test of congestion resistance at 0.8680 has given way to the expected pullback, as overbought intraday studies unwind, with prices currently pressuring congestion support at 0.8660. Overbought daily stochastics are also ticking lower, highlighting room for a test beneath here. But the rising daily Tension Indicator should limit any immediate break in renewed consolidation above further congestion around 0.8640. Meanwhile, a close above 0.8680, if seen, will improve sentiment and extend late-May gains towards strong resistance at 0.8695, (GBP/EUR 1.1500), and congestion around 0.8700.