Published: 2026-07-21T07:56:53.000Z
Chart EUR/GBP Update: Cautious trade - gains to remain limited
2
Little change, as choppy trade gives way to fresh consolidation around congestion resistance at 0.8500
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8575 | 2 Jul high | S1 | 0.8480 | minor break level | |||
| R3 | 0.8547 | ** | GBP/EUR 1.1700 | S2 | 0.8475 | GBP/EUR 1.1800 | ||
| R2 | 0.8515 | * | 17 Jul high | S3 | 0.8470 | ** | 61.8% ret of 2024-2025 rally | |
| R1 | 0.8500 | ** | congestion | S4 | 0.8455 | ** | 15 Jul YTD low |
Asterisk denotes strength of level
08:50 BST - Little change, as choppy trade gives way to fresh consolidation around congestion resistance at 0.8500. Daily readings continue to rise, suggesting room for a break above here towards the 0.8515 high of 17 July. But mixed/negative weekly charts should limit any tests in renewed consolidation. A close above here, if seen, would turn sentiment positive and open up resistance at 0.8547, (GBP/EUR 1.1700). Meanwhile, immediate support at 0.8480 and extends to the 0.8470 Fibonacci retracement. A later break will open up strong support at the 0.8455 current year low of 15 July.