EUR/GBP’s Downside

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.