Published: 2025-07-08T07:55:45.000Z
Chart EUR/GBP Update: Room for a minor test lower
Senior Technical Strategist
2
The anticipated pullback from beneath congestion resistance at 0.8650 has reached congestion support at 0.8600
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8695 | ** | GBP/EUR 1.1500 | S1 | 0.8600 | ** | congestion | |
| R3 | 0.8670 | ** | 2 Jul (w) high | S2 | 0.8547/50 | * | GBP/EUR 1.1700; cong | |
| R2 | 0.8650 | intraday congestion | S3 | 0.8520 | * | congestion | ||
| R1 | 0.8620 | * | GBP/EUR 1.1600 | S4 | 0.8500 | * | congestion |
Asterisk denotes strength of level
08:45 BST - The anticipated pullback from beneath congestion resistance at 0.8650 has reached congestion support at 0.8600, where unwinding oversold intraday studies are prompting consolidation. Immediate focus is on 0.8620, (GBP/EUR 1.1600). But negative daily readings are expected to limit any break in renewed selling interest beneath 0.8650, In the coming sessions, a break below 0.8600 cannot be ruled out. But rising weekly charts are expected to limit any deeper losses in fresh buying interest towards strong support at 0.8547, (GBP/EUR 1.1700), and congestion around 0.8550.