Chart EUR/GBP Update: Prices remain under pressure
Little change, as prices extend cautious trade above strong support at the 0.8447 current year low of 7 October
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8547 | ** | GBP/EUR 1.1700 | S1 | 0.8447 | ** | 7 Oct YTD low | |
| R3 | 0.8532 | ** | 12 Aug (m) low | S2 | 0.8400/03 | ** | congestion; GBP/EUR 1.1900 | |
| R2 | 0.8500 | ** | congestion | S3 | 0.8375 | ** | 76.4% ret of 2024-2025 fall | |
| R1 | 0.8475 | * | GBP/EUR 1.1800 | S4 | 0.8333 | ** | GBP/EUR 1.2000 |
Asterisk denotes strength of level
09:40 BST - Little change, as prices extend cautious trade above strong support at the 0.8447 current year low of 7 October. Daily readings are mixed/negative and broader weekly charts are bearish, highlighting room for further losses in the coming sessions. A later close below 0.8447 will add weight to sentiment and extend broad November 2025 losses towards congestion around 0.8400 and 0.8403, (GBP/EUR 1.1900). However, flat oversold daily stochastics should limit any deeper losses in short-covering/consolidation above the 0.8375 Fibonacci retracement.
Meanwhile, resistance is at 0.8475, (GBP/EUR 1.1800), and extends to congestion around 0.8500. This broad range should cap any immediate tests higher.