Diapason in EUR/GBP

Technical Reports

Trading state is neutral. EUR/GBP is holding inside of 0.8742/8948 diapason. Under 0.8742, the cross will head towards 38.2% retracement of 0.8312 to 0.8948 at 0.8705. Following pivot points include: (S1) 0.8794; (P) 0.8846; (R1) 0.8911.

Breach will align 61.8% retracement at 0.8555. Breach of 0.8948 will expand the recoil from 0.8312 to 0.9304 resistance.

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.