Published: 2025-09-18T08:07:23.000Z
Chart EUR/GBP Update: Further consolidation - daily studies rising
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Little change, as mixed 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
08:50 BST - Little change, as mixed intraday studies keep near-term sentiment cautious and extend choppy trade beneath resistance at 0.8695, (GBP/EUR 1.1500), and congestion around 0.8700. Daily stochastics and the daily Tension Indicator continue rise, suggesting potential for a later test above here. But negative weekly charts should limit scope in renewed selling interest within critical resistances at the 0.8737 monthly high of 11 April and the 0.8765 current year high of 28 July. Meanwhile, a close below 0.8650 would give way to consolidation above 0.8600/20.