Chart EUR/GBP Update: Fresh year lows
Cautious trade has given way to fresh selling interest
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8425 | break level | S1 | 0.8333 | * | GBP/EUR 1.2000 | ||
| R3 | 0.8400/03 | ** | congestion; GBP/EUR 1.1900 | S2 | 0.8315 | * | late-Mar 25 (w) low | |
| R2 | 0.8380 | intraday highs | S3 | 0.8300 | * | congestion | ||
| R1 | 0.8365 | intraday break level | S4 | 0.8265 | * | GBP/EUR 1.2100 |
Asterisk denotes strength of level
09:15 GMT - Cautious trade has given way to fresh selling interest, as intraday studies turn down, with prices currently trading at fresh year lows just above support at 0.8333, (GBP/EUR 1.2000). Daily readings are rising and weekly stochastics are flattening in oversold areas, suggesting any initial tests could give way to consolidation. However, the bearish weekly Tension Indicator and mixed/negative longer-term charts point to a later break and continuation of November 2025 losses towards support within the 0.8300/15 range.
Meanwhile, resistance is within 0.8365/80. A close above here, if seen, will open up 0.8400/03, where fresh selling interest is expected to appear.