Cluster Support in EUR/GBP

Technical Reports

Trading inside of 0.8686/8928 diapason is resuming. Trading stays neutral. If the whole 0.8928 resistance stands, the projection remains slightly bearish. Sustained breach of 0.8686 will expand the entire drop from 0.9305. EUR/GBP should also reach 61.8% retracement of 0.8312 to 0.9305. Following pivot points include: (S1) 0.8772; (P) 0.8808; (R1) 0.8830.

Bigger fall should align a repeat test of 0.8303/8312 support area. Breach of 0.8928 will confirm short term reversal and the forecast will become bullish to 0.9304 resistance.

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.