Published: 2026-05-21T07:59:49.000Z
Chart EUR/GBP Update: Under pressure
1
Cautious trade has given way to fresh selling interest
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8720 | congestion | S1 | 0.8640 | intraday lows | |||
| R3 | 0.8695/00 | ** | GBP/EUR 1.1500; congestion | S2 | 0.8612/20 | ** | Feb-Mar YTD lows; GBP/EUR 1.1600 | |
| R2 | 0.8670 | * | congestion | S3 | 0.8600 | ** | congestion | |
| R1 | 0.8650 | * | congestion | S4 | 0.8545 | ** | 50% ret of 2024-2025 rally |
Asterisk denotes strength of level
08:50 BST - Cautious trade has given way to fresh selling interest, as intraday studies turn down, with prices approaching support at 0.8640. Daily readings are under pressure, highlighting room for a break beneath here. But mixed/positive weekly charts should limit initial scope in renewed consolidation above support within the 0.8612/20. A further close beneath here would turn sentiment outright negative and confirm continuation of November 2025 losses. Meanwhile, resistance is lowered to congestion around 0.8670. A close above here, if seen, would help to stabilise price action and prompt consolidation beneath further congestion around 0.8670.