Published: 2026-02-02T06:32:58.000Z
Chart EUR/GBP Update: Consolidating at .8650/45 support
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No follow-through on break of support at .8650/45 congestion as prices consolidate pullback from the .8745, January swing high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8840 | 20 Nov high | S1 | 0.8642 | intraday low | |||
| R3 | 0.8800 | ** | congestion | S2 | 0.8620 | * | 38.2% 2024/2025 rally | |
| R2 | 0.8750 | ** | Jul/Sep highs | S3 | 0.8600 | * | congestion | |
| R1 | 0.8700 | * | congestion | S4 | 0.8550/45 | * | congestion, 50% |
Asterisk denotes strength of level
06:305 GMT - No follow-through on break of support at .8650/45 congestion as prices consolidate pullback from the .8745, January swing high. Bullish divergence on daily studies suggest scope for bounce to extend consolidation above the 200-day MA but gains are likely to see strong resistance at the .8700/.8750 area capping. Consolidation is expected to give way to fresh selling pressure later and lower will extend the broader losses from the .8865 November 2025 year high to support at .8620/00, 38.2% Fibonacci level and congestion area.