Published: 2025-11-27T07:31:57.000Z
Chart EUR/GBP Update: Extending pullback from .8865 high
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Consolidation around the .8800 level has given way to selling pressure to extend pullback from the .8865 high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8875 | * | Apr 2023 high | S1 | 0.8752 | * | Jul high | |
| R3 | 0.8865 | ** | 14 Nov YTD high | S2 | 0.8737 | * | Apr high | |
| R2 | 0.8840 | * | 20 Nov high | S3 | 0.8720 | * | congestion | |
| R1 | 0.8800 | * | congestion | S4 | 0.8700 | * | congestion |
Asterisk denotes strength of level
07:30 GMT - Consolidation around the .8800 level has given way to selling pressure to extend pullback from the .8865 high as daily studies continue to track lower to reach the .8752 support. Weekly studies are stretched as well and highlight scope for deeper pullback to retrace recent strong gains from the May low. Lower will extend losses to support at .8737 high of April then the .8720/.8700 congestion. Meanwhile, resistance remains at the .8800 congestion which is expected to cap and sustain pullback from .8865 14 November current year high.