The EUR/GBP Has Formed a Temporary Top

Technical Reports

Trading in the pair is neutral, as a temporary top is in place at 0.8849. Following pivot points include: (S1) 0.8901; (P) 0.8938; (R1) 0.8970.

Trading above 0.8991 will target 61.8% retracement of 0.9305 to 0.8745 at 0.9091. The pair can retest maximum 0.9305. Overcoming of 0.8849 will point out completion of a recoil from 0.8745.

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.