Published: 2026-10-08T07:12:24.000Z
Chart EUR/GBP Update: Still probing for a bottom
2
Turned up from fresh year low at .8448 as prices probes for a bottom to unwind oversold intraday and daily studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8585 | * | Aug high | S1 | 0.8448 | ** | 7 Oct YTD low | |
| R3 | 0.8545 | ** | 15 Sep low | S2 | 0.8400 | * | congestion | |
| R2 | 0.8530 | * | Aug low | S3 | 0.8355 | * | May 2025 low | |
| R1 | 0.8500 | * | congestion | S4 | 0.8322 | * | Apr 2025 low |
Asterisk denotes strength of level
07:05 GMT - Turned up from fresh year low at .8448 as prices probes for a bottom to unwind oversold intraday and daily studies. However, the downside still vulnerable and further cannot be ruled out. lower will see room to the .8400 level then the .8355/.8322, May/April 2025 lows. Stretch daily studies caution corrective bounce with resistance starting at the .8450/.8500 area. Would take close above the latter to ease the downside pressure and open up room to strong resistance the .8530/.8545 area which is expected to cap.