EUR/GBP’s Recoil Can Widen

Technical Reports

Trading of the cross stays on the upside. Following pivot points include: (S1) 0.8932; (P) 0.8962; (R1) 0.9004.

It is awaited, that recoil from 0.8745 will extend to 61.8% retracement of 0.9305 to 0.8745 at 0.9091. The pair can retest maximum 0.9305.

Price behavior from 0.9304 can be corrective pattern. Firm support from 0.8116 will restrain the downside. Uptrend should renew after overcoming of 0.9304/5.