Chart EUR/GBP Update: Consolidating - studies leaning lower
Little change, as mixed intraday studies keep near-term sentiment cautious
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8720 | congestion | S1 | 0.8640 | intraday lows | |||
| R3 | 0.8695/00 | ** | GBP/EUR 1.1500; congestion | S2 | 0.8612/20 | ** | Feb-Mar YTD lows; GBP/EUR 1.1600 | |
| R2 | 0.8680 | * | congestion | S3 | 0.8600 | ** | congestion | |
| R1 | 0.8660 | * | congestion | S4 | 0.8545 | ** | 50% ret of 2024-2025 rally |
Asterisk denotes strength of level
08:45 BST - Little change, as mixed intraday studies keep near-term sentiment cautious and prompt further cautious trade within the 0.8640 - 0.8660 range. Daily readings are under pressure, highlighting room for a break below support at 0.8640. But mixed/positive weekly charts should limit initial scope in renewed consolidation above support within the 0.8612/20. A further close beneath here would turn sentiment outright negative and confirm continuation of November 2025 losses. Meanwhile, resistance is at congestion around 0.8660. A close above here, if seen, would help to stabilise price action and prompt consolidation beneath further congestion around 0.8680.