Published: 2026-05-26T08:00:52.000Z
Chart EUR/GBP Update: Bouncing from year lows - studies under pressure
1
Anticipated losses have reached support at 0.8620, (GBP/EUR 1.1600)
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8695/00 | ** | GBP/EUR 1.1500; congestion | S1 | 0.8612/20 | ** | Feb-Mar YTD lows; GBP/EUR 1.1600 | |
| R3 | 0.8680 | * | congestion | S2 | 0.8600 | ** | congestion | |
| R2 | 0.8660 | * | congestion | S3 | 0.8545 | ** | 50% ret of 2024-2025 rally | |
| R1 | 0.8640 | intraday lows | S4 | 0.8500 | ** | congestion |
Asterisk denotes strength of level
08:50 BST - Anticipated losses have reached support at 0.8620, (GBP/EUR 1.1600), where unwinding oversold intraday studies are prompting a sharp bounce to resistance at 0.8640. A test above here cannot be ruled out. But negative daily readings and mixed/negative weekly charts should limit scope in renewed selling interest beneath congestion around 0.8660. Following cautious/corrective trade, fresh losses are looked for. However, a close below 0.8612/20 is needed to turn sentiment outright negative and confirm continuation of November 2025 losses below congestion support at 0.8600.