Published: 2025-08-19T07:46:05.000Z
Chart EUR/GBP Update: Limited tests higher
Senior Technical Strategist
1
Little change, as mixed intraday studies keep near-term sentiment cautious
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8752 | ** | 28 Jul YTD high | S1 | 0.8620 | * | GBP/EUR 1.1600 | |
| R3 | 0.8737 | ** | 11 Apr (m) high | S2 | 0.8600 | ** | cong, 38.2% ret | |
| R2 | 0.8695 | ** | GBP/EUR 1.1500 | S3 | 0.8555 | ** | 50% ret of May-Jul rally | |
| R1 | 0.8650 | ** | congestion | S4 | 0.8547/50 | ** | GBP/EUR 1.1700; cong |
Asterisk denotes strength of level
08:50 BST - Little change, as mixed intraday studies keep near-term sentiment cautious and extend consolidation around 0.8635. Oversold daily stochastics are unwinding, suggesting potential for continuation towards congestion resistance at 0.8650. But the negative daily Tension Indicator and bearish weekly charts are expected to limit any tests in renewed selling pressure. Following cautious/corrective trade, fresh losses are looked for. Support remains at 0.8620, GBP/EUR 1.1600), and extends to 0.8600. A later close beneath here will add weight to sentiment and extend late-July losses towards the 0.8547/50 - 0.8555 range.