Published: 2026-02-17T11:44:12.000Z
Chart EUR/GBP Update: Pushing higher
5
Cautious trade has given way to a sharp break higher
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8800 | ** | break level | S1 | 0.8695/00 | * | GBP/EUR 1.1500; cong | |
| R3 | 0.8772 | * | GBP/EUR 1.1500 | S2 | 0.8670 | * | congestion | |
| R2 | 0.8750 | * | congestion | S3 | 0.8640 | * | congestion | |
| R1 | 0.8720 | * | congestion | S4 | 0.8610/20 | * | 50% ret; GBP/EUR 1.1600 |
Asterisk denotes strength of level
11:30 GMT - Cautious trade has given way to a sharp break higher, with prices currently pressuring congestion resistance at 0.8720. Rising intraday studies and improving daily readings highlight room for a test above here. But mixed weekly charts should limit initial scope in further consolidation beneath congestion resistance at 0.8750. Meanwhile, support is raised to 0.8695/00. A close back beneath here would turn sentiment neutral once again and give way to consolidation above congestion around 0.8670.