EUR/GBP’s Fall

Technical Reports

Upside impulse is so far soft. Another rise towards 0.8981 resistance is likely if the intact minor support of 0.8828 is present.

Firm breach in that zone will suggest ending of the fall from 0.9305. If that happens, EUR/GBP would head towards a test of 0.9304/5 key resistance. Under 0.8828 minor support trading turn up on the downside towards 0.8668.

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.