Published: 2026-10-21T08:21:17.000Z
Chart EUR/GBP Update: Fresh year lows - approaching strong support
3
Choppy trade has given way to fresh selling interest
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8475 | * | GBP/EUR 1.1800 | S1 | 0.8375 | ** | 76.4% ret of 2024-2025 fall | |
| R3 | 0.8450 | ** | congestion | S2 | 0.8355 | ** | 29 May 2025 (m) low | |
| R2 | 0.8425 | break level | S3 | 0.8333 | * | GBP/EUR 1.2000 | ||
| R1 | 0.8400/03 | ** | congestion; GBP/EUR 1.1900 | S4 | 0.8300 | * | figure |
Asterisk denotes strength of level
09:10 BST - Choppy trade has given way to fresh selling interest, with broad November 2025 losses approaching strong support at the 0.8375 Fibonacci retracement. Daily readings have turned lower once again and broader weekly charts remain negative, highlighting room for further losses in the coming sessions. A close beneath here will add weight to already bearish price action and open up the 0.8355 monthly low of 29 May 2025.
Meanwhile, resistance is lowered to congestion around 0.8400 and 0.8403, (GBP/EUR 1.1900). A close above here, if seen, would help to stabilise price action and give way to consolidation beneath 0.8425.