Published: 2025-09-26T07:42:00.000Z
Chart EUR/GBP Update: Consolidating retest of .8752, July high
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Break above the .8700 level has seen gains to retest the .8745/.8752, August/July highs and also 50% Fibonacci level
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8875 | * | 61.8% 2022/2024 fall | S1 | 0.8700 | * | congestion | |
| R3 | 0.8800 | * | figure, congestion | S2 | 0.8650 | * | congestion | |
| R2 | 0.8765 | ** | Nov 2023 high | S3 | 0.8632 | * | 15 Sep low | |
| R1 | 0.8752 | ** | 28 Jul YTD high, 50% | S4 | 0.8600 | ** | congestion, Aug low |
Asterisk denotes strength of level
07:30 GMT - Break above the .8700 level has seen gains to retest the .8745/.8752, August/July highs and also 50% Fibonacci level. Consolidation here see prices unwinding overbought intraday and daily studies but a later break here cannot be ruled out to further retrace the 2022/2024 losses. Higher will open up room for extension to the .8800 level. Meanwhile, support is raised to .8700/.8690 area which should underpin. Break here will fade the upside pressure and see deeper pullback to retrace gains from the August low at .8600 to the .8650/.8632 congestion and 15 Sep low.