Published: 2026-04-02T08:04:17.000Z
Chart EUR/GBP Update: Choppy in range
-
Little change, as prices extend cautious/choppy trade above support at 0.8695/00
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8800 | ** | congestion | S1 | 0.8695/00 | * | GBP/EUR 1.1500; cong | |
| R3 | 0.8790 | ** | 27 Feb YTD high | S2 | 0.8670 | * | congestion | |
| R2 | 0.8772 | * | GBP/EUR 1.1400 | S3 | 0.8650 | * | congestion | |
| R1 | 0.8750 | ** | congestion | S4 | 0.8613/20 | ** | 4 Feb (m) low; GBP/EUR 1.1600 |
Asterisk denotes strength of level
08:55 BST - Little change, as prices extend cautious/choppy trade above support at 0.8695/00. The daily Tension Indicator continues to rise, highlighting room for a move higher towards congestion resistance at 0.8750. But a tick lower in overbought daily stochastics suggests any tests above here, if seen, should be limited in renewed selling interest beneath 0.8772, (GBP/EUR 1.1400). Meanwhile, a break below 0.8695/00 would add weight to sentiment and open up congestion within 0.8650 - 0.8670, where fresh consolidation is expected to appear.