Published: 2026-06-12T07:59:53.000Z
Chart EUR/GBP Update: Any tests higher to remain limited
1
Little change, as prices extend cautious trade above strong support at 0.8620, (GBP/EUR 1.1600)
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8695/00 | ** | GBP/EUR 1.1500; congestion | S1 | 0.8620 | ** | GBP/EUR 1.1600 | |
| R3 | 0.8680 | * | congestion | S2 | 0.8612 | ** | Feb-Mar YTD lows | |
| R2 | 0.8660 | * | congestion | S3 | 0.8600 | ** | congestion | |
| R1 | 0.8640 | * | congestion | S4 | 0.8545 | ** | 50% ret of 2024-2025 rally |
Asterisk denotes strength of level
08:50 BST - Little change, as prices extend cautious trade above strong support at 0.8620, (GBP/EUR 1.1600). Intraday studies have turned higher, suggesting room for a test of congestion resistance at 0.8640. But bearish daily and weekly readings should limit any break in fresh consolidation beneath further congestion around 0.8660. Following cautious trade, fresh losses are looked for. A later break below 0.8620 will open up the 0.8612 current year low from February-March. A close beneath here will add weight to sentiment and extend November losses below 0.8600 towards the 0.8545 Fibonacci retracement.