EUR/GBP's Firm Support

Technical Reports

The cross keeps holding inside of 0.8686/8928 diapason. Trading character is neutral. If the whole 0.8928 resistance stands, the forecast remains slightly bearish. Strong breach of 0.8686 will prolong the whole fall from 0.9305. Following pivot points include: (S1) 0.8805; (P) 0.8835; (R1) 0.8892.

EUR/GBP should also reach 61.8% retracement of 0.8312 to 0.9305. Bigger fall should align 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.