Published: 2025-06-13T08:11:11.000Z
Chart EUR/GBP Update: Consolidating gains - downside tests to remain limited
Senior Technical Strategist
1
The anticipated break above 0.8520 has met selling interest at 0.8547/50
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8620 | * | GBP/EUR 1.1600 | S1 | 0.8500 | ** | congestion | |
| R3 | 0.8600 | ** | congestion | S2 | 0.8475 | ** | GBP/EUR 1.1800 | |
| R2 | 0.8547/50 | * | GBP/EUR 1.1700; cong | S3 | 0.8450 | * | break level | |
| R1 | 0.8520 | congestion | S4 | 0.8400/03 | * | congestion; GBP/EUR 1.1900 |
Asterisk denotes strength of level
08:55 BST - The anticipated break above 0.8520 has met selling interest at 0.8547/50, as intraday studies turn down, with steady losses currently balanced above congestion support at 0.8500. Overbought daily stochastics are flattening, suggesting potential for a test beneath here. But the rising daily Tension Indicator and mixed weekly charts are expected to prompt renewed buying interest towards 0.8475, (GBP/EUR 1.1800). Following cautious trade, fresh gains are looked for, with focus to turn back to 0.8547/50. A close above here will improve sentiment and extend late-May gains towards congestion around 0.8600.