Published: 2025-11-06T08:55:07.000Z
Chart EUR/GBP Update: Balanced around fresh year highs
4
The pullback from the 0.8830 current year high of 5 November has reached support at 0.8800
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8900 | congestion | S1 | 0.8800 | * | figure | ||
| R3 | 0.8875 | * | April 2023 high | S2 | 0.8772 | * | GBP/EUR 1.1400 | |
| R2 | 0.8850 | * | GBP/EUR 1.1300, cong | S3 | 0.8740 | intraday break level | ||
| R1 | 0.8830 | * | 5 Nov YTD high | S4 | 0.8720 | congestion |
Asterisk denotes strength of level
08:45 GMT - The pullback from the 0.8830 current year high of 5 November has reached support at 0.8800, where fresh consolidation is developing. Intraday studies are under pressure, highlighting room for a test beneath here. But improving daily readings and rising weekly charts should limit scope in renewed buying interest towards support at 0.8772, (GBP/EUR 1.1400). Following cautious trade, fresh gains are looked for. A close above 0.8830 will improve price action and extend December 2024 gains initially towards strong resistance at 0.8850.