Published: 2025-10-22T07:53:21.000Z
Chart EUR/GBP Update: Consolidating - limited tests higher
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Cautious trade above 0.8670 has given way to a sharp GBP-driven bounce
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8765 | ** | November 2023 high | S1 | 0.8670 | recent range lows | ||
| R3 | 0.8752 | ** | 28 Jul YTD high | S2 | 0.8650 | ** | congestion | |
| R2 | 0.8737 | ** | 11 Apr (m) high | S3 | 0.8620 | * | GBP/EUR 1.1600 | |
| R1 | 0.8695/00 | ** | GBP/EUR 1.1500; cong | S4 | 0.8600 | ** | cong, 38.2% ret |
Asterisk denotes strength of level
08:45 BST - Cautious trade above 0.8670 has given way to a sharp GBP-driven bounce, with prices currently consolidating the test above resistance at 0.8695/00. Daily readings have turned higher, highlighting room for a fresh test above here. But negative weekly charts should limit scope in selling interest/consolidation beneath critical resistance at the 0.8752 current year high of 28 July and the 0.8765 high of November 2023. A close above here, if seen, would turn sentiment positive confirm continuation of December 2024 gains. Meanwhile, support remains down to congestion around 0.8650 and should underpin any immediate setbacks.