EUR/GBP is Restricted

Technical Reports

The cross is restricted inside of 08732/9032 diapason. Trading stays neutral. Larger fall is anticipated if the whole 0.9032 resistance is present. Following pivot points include: (S1) 0.8792; (P) 0.8840; (R1) 0.8889.

Breach of 0.8732 will extend the decline from 0.9305 and align 0.8303 key support level. Strong breach of 0.9032 will indicate ending of a drop 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.