Published: 2025-10-24T12:35:28.000Z
Chart EUR/GBP Update: Gains to remain limited
2
Cautious trade has given way to a sharp GBP-driven bounce
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8772 | * | GBP/EUR 1.1400 | S1 | 0.8695/00 | ** | GBP/EUR 1.1500; cong | |
| R3 | 0.8765 | ** | November 2023 high | S2 | 0.8670 | recent range lows | ||
| R2 | 0.8752 | ** | 28 Jul YTD high | S3 | 0.8650 | ** | congestion | |
| R1 | 0.8737 | ** | 11 Apr (m) high | S4 | 0.8620 | * | GBP/EUR 1.1600 |
Asterisk denotes strength of level
13:10 BST - Cautious trade has given way to a sharp GBP-driven bounce, with the break above 0.8695/00 currently trading around 0.8725. Rising daily stochastics and the improving daily Tension Indicator highlight room for a test of critical resistance at the 0.8752 current year high of 28 July and the 0.8765 high of November 2023. But mixed weekly charts should limit any initial tests in consolidation. Meanwhile, support is raised to 0.8695/00 and extends to the 0.8670 recent range lows. This range should underpin any immediate setbacks.