Published: 2025-02-18T08:45:51.000Z
Chart EUR/GBP Update: Under pressure
Senior Technical Strategist
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Little change, as prices extend pressure on congestion support at 0.8300
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8400/03 | * | cong; GBP/EUR 1.1900 | S1 | 0.8300 | ** | congestion | |
| R3 | 0.8378 | * | 6 Feb (w) high | S2 | 0.8270 | congestion lows | ||
| R2 | 0.8350 | ** | congestion | S3 | 0.8265 | * | GBP/EUR 1.2100 | |
| R1 | 0.8333 | * | GBP/EUR 1.2000 | S4 | 0.8222 | ** | 19 Dec 2024 (y) low |
Asterisk denotes strength of level
08:40 GMT - Little change, as prices extend pressure on congestion support at 0.8300. Intraday studies are negative and daily readings have also turned bearish, highlighting a deterioration in sentiment and room for a break. January losses will then focus on support at 0.8265/70, where already oversold intraday studies could prompt fresh consolidation. Negative weekly charts point to scope for still deeper, later losses. Meanwhile, resistance remains at 0.8333, (GBP/EUR 1.2000), and extends to congestion around 0.8350. This area should cap any immediate tests higher.