EUR/GBP’s Diapason Favors

Technical Reports

Trading character of the cross is neutral as 0.8732/0.9032 diapason prevails. Larger fall is awaited if the entire 0.9032 resistance holds. Breach of 0.8732 will expand the decline from 0.9305 and align key support of 0.8303. Following pivot points include: (S1) 0.8873; (P) 0.8892; (R1) 0.8920.

Choppy breach of 0.9032 will point out conclusion of the drop from 0.9305. If that happens, trading will turn up on the upside towards a repeat test of key resistance 0.9305.

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.