EUR/GBP’s Sideway Trading
Trading of the cross stays neutral. Sideway trading is progressing. Sustained breach of 0.9032 will indicate ending of the fall from 0.9305. If that happens, trading will turn up on the upside towards a repeat test of 0.9305 key resistance. Following pivot points include: (S1) 0.8827; (P) 0.8851; (R1) 0.8879.
Breach of 0.8732 will enlarge the decline and head towards key support of 0.8303.
Price behavior from 0.9304 can be corrective pattern. Strong breach of 0.9304/5 will argue uptrend restoration. Diapason trading with a possibility of further decline is threatening. Repeat test on 0.8303 is likely. Sustained support from 0.8116 accumulation of support will restrain the downside.