Published: 2025-12-18T08:58:23.000Z
Chart EUR/GBP Update: Consolidating
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Little change, as mixed intraday studies keep near-term sentiment cautious
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8865 | ** | 14 Nov YTD high | S1 | 0.8772 | * | GBP/EUR 1.1400 | |
| R3 | 0.8850 | * | GBP/EUR 1.1300 | S2 | 0.8740 | break level | ||
| R2 | 0.8840 | * | 20 Nov (w) high | S3 | 0.8720 | * | congestion | |
| R1 | 0.8800 | * | break level | S4 | 0.8695/00 | * | GBP/EUR 1.1500; cong |
Asterisk denotes strength of level
08:40 GMT - Little change, as mixed intraday studies keep near-term sentiment cautious and prompt consolidation around support at 0.8772, (GBP/EUR 1.1400). Overbought daily stochastics are unwinding, highlighting potential for a test beneath here. But the positive daily Tension Indicator and mixed weekly charts are expected to limit initial scope in renewed consolidation above support within 0.8720/40. Meanwhile, resistance remains at 0.8800. A close above here would open up a test of the 0.8840 weekly high of 20 November and 0.8850, (GBP/EUR 1.1300), where fresh consolidation is expected to appear.