Published: 2026-08-04T08:05:55.000Z
Chart EUR/GBP Update: Immediate gains to remain limited
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Still little change, as prices extend cautious trade above support at 0.8547, (GBP/EUR 1.1700)
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8650 | * | congestion | S1 | 0.8547 | ** | GBP/EUR 1.1700 | |
| R3 | 0.8620 | GBP/EUR 1.1600 | S2 | 0.8520 | congestion | |||
| R2 | 0.8600 | ** | congestion | S3 | 0.8500 | ** | congestion | |
| R1 | 0.8585 | * | 30 Jul (m) high | S4 | 0.8475 | GBP/EUR 1.1800 |
Asterisk denotes strength of level
08:45 BST - Still little change, as prices extend cautious trade above support at 0.8547, (GBP/EUR 1.1700). The daily Tension Indicator continues to rise, suggesting room for a test of resistance at the 0.8585 monthly high of 30 July. But already overbought daily stochastics could limit any initial tests in consolidation, before improving weekly charts prompt a later break and extend July gains initially towards 0.8600. Meanwhile, any tests below 0.8547 should be limited in renewed buying interest above congestion support at 0.8520.