The EUR/GBP Has Formed a Temporary Top

Technical Reports

Trading in the pair is neutral, as a temporary top is in place at 0.9087. Pivot points are at: (S1) 0.9015; (P) 0.9036; (R1) 0.9062.

Growth from 0.8312 should prolong to key maximum 0.9304. Upside of the pair should be limited by resistance from 0.9304. Overcoming of 0.8890 will point out trend reversal.

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. Uptrend from 0.6935 should expand after the consolidation from 0.9304 ends.