Published: 2026-08-13T08:12:08.000Z
Chart EUR/GBP Update: Limited tests higher
1
Cautious trade around 0.8540 is giving way to a push higher
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8600 | ** | congestion | S1 | 0.8520 | congestion | ||
| R3 | 0.8585 | * | 30 Jul (m) high | S2 | 0.8500 | ** | congestion | |
| R2 | 0.8560 | 4 Aug low | S3 | 0.8470/75 | ** | 61.8% ret; GBP/EUR 1.1800 | ||
| R1 | 0.8547 | ** | GBP/EUR 1.1700 | S4 | 0.8455 | ** | 15 Jul YTD low |
Asterisk denotes strength of level
08:55 BST - Cautious trade around 0.8540 is giving way to a push higher, as intraday studies improve, with prices currently pressuring resistance at 0.8547, (GBP/EUR 1.1700). A test above here cannot be ruled out. But negative daily readings and mixed weekly charts should limit scope in renewed selling interest/consolidation beneath the 0.8560 low of 4 August.
Meanwhile, support remains down to congestion around 0.8520, and should underpin any immediate setbacks. A close beneath here, if seen, will add weight to sentiment and extend late-July losses towards congestion around 0.8500, where fresh buying interest/consolidation should appear.