Published: 2025-10-07T08:00:55.000Z
Chart EUR/GBP Update: Cautious trade - studies under pressure
2
Little change, as mixed/negative intraday studies keep near-term sentiment cautious
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8765 | ** | November 2023 high | S1 | 0.8650 | ** | congestion | |
| R3 | 0.8752 | ** | 28 Jul YTD high | S2 | 0.8620 | * | GBP/EUR 1.1600 | |
| R2 | 0.8737 | ** | 11 Apr (m) high | S3 | 0.8600 | ** | cong, 38.2% ret | |
| R1 | 0.8695/00 | ** | GBP/EUR 1.1500; cong | S4 | 0.8555 | ** | 50% ret of May-Jul rally |
Asterisk denotes strength of level
08:55 BST - Little change, as mixed/negative intraday studies keep near-term sentiment cautious and extend consolidation beneath resistance at 0.8695/00. Daily readings continue to track lower, and broader weekly charts are under pressure, highlighting room for further losses towards congestion support at 0.8650. A break will open up 0.8620, (GBP/EUR 1.1600). Meanwhile, a close back above 0.8695/00, if seen, would help to stabilise price action and prompt consolidation beneath critical resistance within 0.8737/52.