Home Currency Chart EUR/GBP Update: Consolidating – studies leaning lower
Currency

Chart EUR/GBP Update: Consolidating – studies leaning lower

Share


Little change, as mixed intraday studies keep near-term sentiment cautious

  Level    Comment      Level    Comment 
R4  0.8720   congestion   S1  0.8640   intraday lows
R3  0.8695/00 ** GBP/EUR 1.1500; congestion   S2  0.8612/20 ** Feb-Mar YTD lows; GBP/EUR 1.1600
R2  0.8680 * congestion   S3  0.8600 ** congestion
R1  0.8660 * congestion   S4  0.8545 ** 50% ret of 2024-2025 rally

Asterisk denotes strength of level

08:45 BST – Little change, as mixed intraday studies keep near-term sentiment cautious and prompt further cautious trade within the 0.8640 – 0.8660 range. Daily readings are under pressure, highlighting room for a break below support at 0.8640. But mixed/positive weekly charts should limit initial scope in renewed consolidation above support within the 0.8612/20. A further close beneath here would turn sentiment outright negative and confirm continuation of November 2025 losses. Meanwhile, resistance is at congestion around 0.8660. A close above here, if seen, would help to stabilise price action and prompt consolidation beneath further congestion around 0.8680.



Source link

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Don't Miss

Bybit Launches Fiat-to-Crypto Frenzy: 97,200 USDT Prize Pool Rewards for New Users Weekly

DUBAI, UAE, April 14, 2026 /PRNewswire/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, has announced Fiat-to-Crypto Frenzy, a limited-time event lowering...

2 months of Iran war: Commodity shock deepens as Hormuz disruption lifts energy, fertilizer costs

Global commodity markets have been reshaped in the two months since the Iran war began, with energy, fertilizer and some industrial raw materials...

Related Articles

Wilson Sonsini Advises WuXi AppTec on Issuance of RMB6,780 Million USD Settled Zero Coupon Convertible Bonds Due 2027

On May 21, 2026, all the conditions precedent under the subscription agreement...

Pound Sterling Price News and Forecast: GBP/USD outperforms Euro despite weak UK Retail Sales data

British Pound outperforms Euro despite weak UK Retail Sales dataEUR/GBP trades on the...

Letter: Trump presence on coin, fiat money goes too far

Select an option below to continue reading this premium story. Already a...

Gold’s Pullback May Be a Buy Zone in a New Inflation Super Cycle

A 40year commodities, inflation, and interest rate super cycle began in 2020…...