EUR/GBP Will Trade In Diapason

Technical Reports

Trading of the cross stays neutral towards consolidation under 0.8879. Breach of 0.8718 support will suggest that increase from 0.8312 has concluded. If that happens, trading will turn up on the downside and EUR/GBP will trade inside of diapason. Following pivot points include: (S1) 0.8746; (P) 0.8780; (R1) 0.8798.

Breach of 0.8879 and stable trading over 0.8851 will head towards a repeat test of 0.9304 maximum.

Price behavior from 0.9304 is considered as a medium term corrective pattern, which might be progressing. If further decline occurs, firm support from 0.8116 will fill the downside and cause recoil. The entire uptrend from 0.6935 should expand after the consolidation from 0.9304 ends.