Widening of Fall in EUR/GBP is Possible

Technical Reports

Trading in the pair is neutral. Following pivot points include: (S1) 0.8927; (P) 0.8941; (R1) 0.8956.

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 and trading will back to the downside to prolong the decline from 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.