Published: 2026-05-20T08:06:23.000Z
Chart EUR/GBP Update: Drifting lower
2
Little change, as mixed/negative intraday studies keep near-term sentiment cautious
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8743 | * | 31 Mar (w) high | S1 | 0.8650 | * | congestion | |
| R3 | 0.8720 | congestion | S2 | 0.8640 | intraday lows | |||
| R2 | 0.8695/00 | ** | GBP/EUR 1.1500; congestion | S3 | 0.8612/20 | ** | Feb-Mar YTD lows; GBP/EUR 1.1600 | |
| R1 | 0.8670 | * | congestion | S4 | 0.8600 | ** | congestion |
Asterisk denotes strength of level
08:55 BST - Little change, as mixed/negative intraday studies keep near-term sentiment cautious and prompt consolidation around 0.8660. Daily stochastics are under pressure and the daily Tension Indicator is also turning down, suggesting room for a break towards congestion around 0.8650. However, improving weekly charts should limit any initial break beneath here in renewed buying interest/consolidation above 0.8640. Meanwhile, resistance is lowered to congestion around 0.8670. A close above here, if seen, would help to stabilise price action and prompt consolidation beneath 0.8695/00.