Published: 2026-01-29T06:50:56.000Z
Chart EUR/GBP Update: Weighing on .8650/45 support
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Under pressure, as prices extend rejection from the .8750 resistance to retest the .8650/45, low and 200-day MA
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8840 | 20 Nov high | S1 | 0.8645 | ** | 6 Jan YTD low, 200-day MA | ||
| 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
06:45 GMT - Under pressure, as prices extend rejection from the .8750 resistance to retest the .8650/45, low and 200-day MA. Negative daily and weekly studies keep pressure on the downside and break here will extend the broader losses from the .8865 November 2025 year high to support at .8620, 38.2% Fibonacci level. Lower still, will see room to the .8600 congestion and .8545, 50% Fibonacci level. Meanwhile, resistance at the .8700/.8750 congestion area is expected to cap and sustain losses from the .8865, November 2025 year high.