EUR/GBP’s Downside

Technical Reports

Another lift of the cross should align 0.8981 resistance. Firm breach in that zone will suggest that the intact fall from 0.9305 has finished. Following pivot points include: (S1) 0.8857; (P) 0.8878; (R1) 0.8908.

EUR/GBP should head towards a test of 0.9304/5 key resistance. Under 0.8847 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.