Published: 2025-09-29T07:35:57.000Z
Chart EUR/GBP Update: Settling back from .8752, 3-month range high
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Lower in consolidation from test of the .8745/.8752, August/July highs and also 50% Fibonacci level
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8875 | * | 61.8% 2022/2024 fall | S1 | 0.8700 | * | congestion | |
| R3 | 0.8800 | * | figure, congestion | S2 | 0.8650 | * | congestion | |
| R2 | 0.8765 | ** | Nov 2023 high | S3 | 0.8632 | * | 15 Sep low | |
| R1 | 0.8752 | ** | 28 Jul YTD high, 50% | S4 | 0.8600 | ** | congestion, Aug low |
Asterisk denotes strength of level
07:30 GMT - Lower in consolidation from test of the .8745/.8752, August/July highs and also 50% Fibonacci level, as prices unwind overbought intraday and daily studies. A later break cannot be ruled out to further retrace the 2022/2024 losses. Clearance, if seen, will open up room for extension to the .8800 level. Meanwhile, support is raised to .8700/.8690 area which should underpin. Break here will fade the upside pressure and open up room for deeper pullback to retrace choppy gains from the August low to support at the .8650/.8632 area.