Published: 2026-08-03T08:05:58.000Z
Chart EUR/GBP Update: Consolidating recent losses
1
Little change, as prices extend cautious trade, following the anticipated test of support at 0.8547, (GBP/EUR 1.1700)
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8650 | * | congestion | S1 | 0.8547 | ** | GBP/EUR 1.1700 | |
| R3 | 0.8620 | GBP/EUR 1.1600 | S2 | 0.8520 | congestion | |||
| R2 | 0.8600 | ** | congestion | S3 | 0.8500 | ** | congestion | |
| R1 | 0.8585 | * | 30 Jul (m) high | S4 | 0.8475 | GBP/EUR 1.1800 |
Asterisk denotes strength of level
08:55 BST - Little change, as prices extend cautious trade, following the anticipated test of support at 0.8547, (GBP/EUR 1.1700). The rising daily Tension Indicator suggests potential for a test higher. But a tick lower in overbought daily stochastics should limit initial scope in consolidation beneath the 0.8585 monthly high of 30 July, before improving weekly charts prompt a later break and extend July gains initially towards 0.8600. Meanwhile, any tests below 0.8547 should be limited in renewed buying interest above congestion support at 0.8520.