Published: 2026-06-04T08:07:06.000Z
Chart EUR/GBP Update: Limited tests higher
1
Cautious trade around 0.8630 has given way to a bounce
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8725 | * | congestion | S1 | 0.8640 | intraday lows | ||
| R3 | 0.8695/00 | ** | GBP/EUR 1.1500; congestion | S2 | 0.8620 | ** | GBP/EUR 1.1600 | |
| R2 | 0.8680 | * | congestion | S3 | 0.8612 | ** | Feb-Mar YTD lows | |
| R1 | 0.8660 | * | congestion | S4 | 0.8600 | ** | congestion |
Asterisk denotes strength of level
08:50 BST - Cautious trade around 0.8630 has given way to a bounce, with prices breaking back above 0.8640 to currently trade around 0.8645. Bearish daily readings have turned mixed, suggesting room for continuation towards congestion resistance at 0.8660. But negative weekly charts should limit any tests in renewed selling interest. A break, if seen, should fade beneath further congestion around 0.8680. Following cautious/corrective trade, fresh losses are looked for. A close below 0.8640 will add weight to sentiment and put initial focus back on strong support at 0.8620, (GBP/EUR 1.1600), and the 0.8612 current year lows from February-March.