Published: 2026-02-05T06:41:49.000Z
Chart EUR/GBP Update: Consolidating test of August lows
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Turned up from test of the .8610/00 August lows as prices unwind oversold intraday and daily studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8800 | ** | congestion | S1 | 0.8610/00 | * | Aug low, congestion | |
| R3 | 0.8750 | ** | Jul, Sep highs | S2 | 0.8550/45 | * | congestion, 50% | |
| R2 | 0.8700 | * | congestion | S3 | 0.8508/00 | ** | 27 Jun low, congestion | |
| R1 | 0.8675 | 30 Jan high | S4 | 0.8470 | * | 61.8% 2024/2025 rally |
Asterisk denotes strength of level
06:35 GMT - Turned up from test of the .8610/00 August lows as prices unwind oversold intraday and daily studies. Above the .8650 resistance clears the way for stronger gains to retrace losses from the January high and see room to the .8675/.8700 resistance. Break here will return focus to the strong resistance at the .8750, July and September highs. Corrective gains are expected to meet with renewed selling pressure later to retest .8610/00 lows. Below this will extend the broader losses from the .8865 November 2025 year high and see deeper retracement of the 2024/2025 rally.