Repeat Test of Maximum in EUR/GBP

Trading character of the cross is neutral towards consolidation under 0.8879. Breach of 0.8718 support will suggest that the surge from 0.8312 has ended. Following pivot points include: (S1) 0.8761; (P) 0.8776; (R1) 0.8795.

Trading might turn up on the downside towards a part of diapason of 0.8312. Breach of 0.8879 and steady 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.