Published: 2026-07-28T08:00:32.000Z
Chart EUR/GBP Update: Consolidating gains
1
The anticipated break above 0.8547, (GBP/EUR 1.1700), has reached 0.8560
| 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 | 0.8575 | 2 Jul high | S4 | 0.8475 | GBP/EUR 1.1800 |
Asterisk denotes strength of level
08:45 BST - The anticipated break above 0.8547, (GBP/EUR 1.1700), has reached 0.8560, where deteriorating intraday studies and a tick lower in overbought daily stochastics are prompting a pullback to 0.8547. A break cannot be ruled out. But the positive daily Tension Indicator and improving weekly charts should limit scope in renewed buying interest/consolidation above congestion support at 0.8520. Following cautious/corrective trade, fresh gains are looked for, with later focus to turn back to the 0.8575 high of 2 July. However, renewed selling interest is expected to appear towards here.