Published: 2025-10-16T07:57:33.000Z
Chart EUR/GBP Update: Leaning lower
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Minor gains have not been seen, as cautious trade gives way to a break below 0.8695/00
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8765 | ** | November 2023 high | S1 | 0.8650 | ** | congestion | |
| R3 | 0.8752 | ** | 28 Jul YTD high | S2 | 0.8620 | * | GBP/EUR 1.1600 | |
| R2 | 0.8737 | ** | 11 Apr (m) high | S3 | 0.8600 | ** | cong, 38.2% ret | |
| R1 | 0.8695/00 | ** | GBP/EUR 1.1500; cong | S4 | 0.8555 | ** | 50% ret of May-Jul rally |
Asterisk denotes strength of level
08:45 BST - Minor gains have not been seen, as cautious trade gives way to a break below 0.8695/00. Intraday studies are under pressure and the flat daily Tension Indicator has ticked lower, suggesting potential for continuation towards congestion support at 0.8650. But the rising daily Tension Indicator is expected to limit any initial tests in consolidation, before bearish weekly charts extend losses still further. Meanwhile, a close back above resistance at 0.8695/00, if seen, should give way to consolidation beneath critical resistance at the 0.8752 current year high of 28 July and the 0.8765 high of November 2023.