EUR/GBP’s Fall Concluded

Technical Reports

Trading state of the cross is neutral. Larger fall is expected if the whole 0.9032 resistance holds. Breach of 0.8732 will extend the decrease from 0.9305 and align 0.8303 key support level. Following pivot points include: (S1) 0.8810; (P) 0.8842; (R1) 0.8873.

Sustained breach of 0.9032 will suggest conclusion 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.

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.