EUR/GBP’s Support Area

Technical Reports

Trading tone of the cross is neutral. If 0.8928 resistance is present, prognosis remains bearish and larger decline is in favor. Strong breach of 0.8686 support will extend the intact fall from 0.9305. Following pivot points include: (S1) 0.8733; (P) 0.8759; (R1) 0.8798.

EUR/GBP should align 61.8% retracement of 0.8312 to 0.9305. Bigger drop will head towards a repeat test of 0.8303/8312 support area.

Strong breach of 0.9304/5 should 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.