Published: 2026-09-23T08:12:15.000Z
Chart EUR/GBP Update: Range trade
1
Little change, as prices extend cautious trade around resistance at 0.8580
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8620 | * | GBP/EUR 1.1600 | S1 | 0.8560 | * | congestion | |
| R3 | 0.8610 | * | 38.2% ret of Nov-Jul fall | S2 | 0.8547 | ** | GBP/EUR 1.1700 | |
| R2 | 0.8600 | ** | congestion | S3 | 0.8532 | ** | 12 Aug (m) low | |
| R1 | 0.8580 | * | break level | S4 | 0.8520 | break level |
Asterisk denotes strength of level
09:00 BST - Little change, as prices extend cautious trade around resistance at 0.8580. Rising intraday studies highlight room for a test above here. But mixed daily readings should limit scope in renewed consolidation beneath congestion around 0.8600. Broader weekly charts are rising, but a close above the 0.8610 Fibonacci retracement is needed to improve sentiment and extend July gains beyond 0.8620, (GBP/EUR 1.1600), towards congestion around 0.8650.
Meanwhile, support is at congestion around 0.8560 and should continue to underpin any immediate setbacks.