Published: 2025-07-10T07:58:04.000Z
Chart EUR/GBP Update: Consolidating - rom for a minor test lower
Senior Technical Strategist
1
Little change
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8737 | ** | 11 Apr YTD high | S1 | 0.8620 | * | GBP/EUR 1.1600 | |
| R3 | 0.8695 | ** | GBP/EUR 1.1500 | S2 | 0.8600 | ** | congestion | |
| R2 | 0.8670 | ** | 2 Jul (w) high | S3 | 0.8547/50 | * | GBP/EUR 1.1700; cong | |
| R1 | 0.8650 | intraday congestion | S4 | 0.8520 | * | congestion |
Asterisk denotes strength of level
08:50 BST - Little change, as mixed intraday studies keep near-term sentiment cautious and prompt consolidation above 0.8620, (GBP/EUR 1.1600). Daily readings are mixed/negative, suggesting room for a break towards congestion support at 0.8600. But rising weekly charts should limit any deeper losses in renewed buying interest/consolidation above strong support at 0.8547, (GBP/EUR 1.1700), and congestion around 0.8550. Meanwhile, congestion resistance at 0.8650 should continue to cap any immediate tests higher.