Published: 2025-06-09T07:57:38.000Z
Chart EUR/GBP Update: Consolidating
Senior Technical Strategist
2
Little change, as mixed intraday studies keep near-term sentiment cautious
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8547 | GBP/EUR 1.1700 | S1 | 0.8400/03 | * | congestion; GBP/EUR 1.1900 | ||
| R3 | 0.8500 | ** | congestion | S2 | 0.8350 | * | congestion | |
| R2 | 0.8475 | ** | GBP/EUR 1.1800 | S3 | 0.8333 | * | GBP/EUR 1.2000 | |
| R1 | 0.8450 | * | break level | S4 | 0.8315 | ** | 28 Mar (w) low |
Asterisk denotes strength of level
08:45 BST - Little change, as mixed intraday studies keep near-term sentiment cautious and extend consolidation around 0.8420. The daily Tension Indicator is rising, suggesting room for a move towards resistance at 0.8450. But a tick lower in daily stochastics and deteriorating weekly charts are expected to limit any tests in renewed selling interest/consolidation. In the coming sessions, cautious trade is expected to give way to fresh losses. A later break below support at 0.8400/03 will add weight to sentiment and open up a test of 0.8350.