Published: 2026-01-16T08:59:04.000Z
Chart EUR/GBP Update: Balanced in range
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Cautious trade has given way to a test of resistance at 0.8670
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8750 | * | congestion | S1 | 0.8645 | * | 6 Jan YTD low | |
| R3 | 0.8720 | * | congestion | S2 | 0.8620 | * | GBP/EUR 1.1600 | |
| R2 | 0.8695/00 | * | GBP/EUR 1.1500; cong | S3 | 0.8610 | ** | 50% ret of May-Nov rally | |
| R1 | 0.8670 | ** | October range lows | S4 | 0.8600 | * | break level |
Asterisk denotes strength of level
08:45 GMT - Cautious trade has given way to a test of resistance at 0.8670, where unwinding overbought intraday studies are prompting a fresh pullback. Rising daily stochastics and the improving daily Tension Indicator highlight potential for a retest above here. But mixed/negative weekly charts should limit scope in fresh consolidation beneath 0.8695/00. Meanwhile, strong support remains at the 0.8645 current year low of 6 January. A close beneath here will turn sentiment negative and extend November losses towards strong support within 0.8600/20.