Published: 2025-09-08T07:52:01.000Z
Chart EUR/GBP Update: Quiet trade
Senior Technical Strategist
2
Still little change
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8765/72 | ** | Nov 2023 high; GBP/EUR 1.1400 | S1 | 0.8650 | ** | congestion | |
| R3 | 0.8752 | ** | 28 Jul YTD high | S2 | 0.8620 | * | GBP/EUR 1.1600 | |
| R2 | 0.8737 | ** | 11 Apr (m) high | S3 | 0.8600 | ** | cong, 38.2% ret | |
| R1 | 0.8695/00 | ** | GBP/EUR 1.1500; cong | S4 | 0.8555 | ** | 50% ret of May-Jul rally |
Asterisk denotes strength of level
08:45 BST - Still little change, as prices extend cautious trade around 0.8675. Intraday studies are rising and daily readings are mixed/positive, suggesting potential for a retest of resistance at 0.8695, (GBP/EUR 1.1500), and congestion around 0.8700. However, negative weekly charts are expected to limit any break in renewed selling interest towards critical resistance within 0.8737/52. Meanwhile, support remains at congestion around 0.8650. A break beneath here will open up support within 0.8620, (GBP/EUR 1.1600), and 0.8600. This range should underpin any immediate tests.