Published: 2025-11-24T09:22:35.000Z
Chart EUR/GBP Update: Leaning lower in choppy trade
1
The break below 0.8800 has met anticipated buying interest above 0.8772, (GBP/EUR 1.1400)
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8875 | * | April 2023 high | S1 | 0.8800 | * | break level | |
| R3 | 0.8865 | * | 14 Nov YTD high | S2 | 0.8772 | * | GBP/EUR 1.1400 | |
| R2 | 0.8850 | * | GBP/EUR 1.1300, cong | S3 | 0.8740 | intraday break level | ||
| R1 | 0.8840 | * | 20 Nov (w) high | S4 | 0.8720 | * | congestion |
Asterisk denotes strength of level
09:15 GMT - The break below 0.8800 has met anticipated buying interest above 0.8772, (GBP/EUR 1.1400), as oversold intraday studies unwind, with prices once again trading above 0.8800. Daily readings continue to track lower and overbought weekly stochastics are unwinding, highlighting a deterioration in sentiment and room for fresh losses in the coming sessions. A close below 0.8772 will add weight to sentiment and extend losses into 0.8720/40. Meanwhile, resistance is at the 0.8840 weekly high of 20 November and extends to 0.8850. This range should cap any immediate tests higher.