Resumption of Fall in EUR/GBP is Awaited

Technical Reports

Trading in the pair is on the downside for 0.8745, as a recoil from 0.8745 could have completed. Following pivot points include: (S1) 0.8877; (P) 0.8954; (R1) 0.8995.

Overcoming of 0.8745 will renew the decline from 0.9305 towards key support level 0.8303/12. Recoil from 0.8745 can resume through 61.8% retracement of 0.9305 to 0.8745 at 0.9091 for retesting of 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.