Further Growth in EUR/GBP is Awaited

Technical Reports

Trading in the pair is on the upside and further increase is awaited. Pivot points are at: (S1) 0.8953; (P) 0.9001; (R1) 0.9079.

Growth from 0.8312 should prolong to key maximum 0.9304. Top can be formed in the pair. Upside of the pair should be limited by resistance from 0.9304.

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.