Published: 2025-04-03T07:59:50.000Z
Chart EUR/GBP Update: Choppy in range - studies leaning lower
Senior Technical Strategist
2
Little change, as prices extend cautious trade in heightened volatility
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8450 | * | congestion | S1 | 0.8350 | ** | congestion | |
| R3 | 0.8430 | * | range lows | S2 | 0.8333 | * | GBP/EUR 1.2000 | |
| R2 | 0.8400/03 | ** | cong; GBP/EUR 1.1900 | S3 | 0.8315 | * | 28 Mar (w) low | |
| R1 | 0.8375 | * | break level | S4 | 0.8300 | * | congestion |
Asterisk denotes strength of level
08:45 BST - Little change, as prices extend cautious trade in heightened volatility above support at 0.8333, (GBP/EUR 1.2000), and congestion around 0.8350. Daily readings have turned mixed/negative, highlighting potential for a test beneath here. But mixed weekly charts are expected to limit any extension of March losses in renewed buying interest/consolidation above congestion around 0.8300. Meanwhile, resistance remains at the 0.8375 break level and should cap any immediate tests higher.