Published: 2025-11-12T08:55:05.000Z
Chart EUR/GBP Update: Balanced around year highs
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Little change, as mixed daily readings keep sentiment cautious
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8900 | * | congestion | S1 | 0.8800 | * | figure | |
| R3 | 0.8875 | * | April 2023 high | S2 | 0.8772 | * | GBP/EUR 1.1400 | |
| R2 | 0.8850 | * | GBP/EUR 1.1300, cong | S3 | 0.8740 | intraday break level | ||
| R1 | 0.8830 | * | 5 Nov YTD high | S4 | 0.8720 | * | congestion |
Asterisk denotes strength of level
08:45 GMT - Little change, as mixed daily readings keep sentiment cautious and extend consolidation beneath strong resistance at the 0.8830 current year high of 5 November. Broader weekly charts continue to rise, highlighting room for fresh gains in the coming sessions. But a close above here is needed to turn sentiment positive and extend broad December 2024 gains initially towards strong resistance at 0.8850. Meanwhile, support is raised to 0.8800. A close beneath here will open up congestion above 0.8772, (GBP/EUR 1.1400), where fresh consolidation is expected to appear.