EUR/GBP’s Recommencement

Technical Reports

The cross is recommencing after touching 0.8808. Trading became neutral. Recoil from 0.8688 must have concluded at 0.8923. Following pivot points include: (S1) 0.8813; (P) 0.8843; (R1) 0.8873.

Under 0.8808 trading will turn up on the downside towards repeat test of 0.8688 level. Breach will extend the intact drop from 0.9305 and align the key support of 0.8303.

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.