EUR/GBP Inside of Diapason

Technical Reports

The cross is gyrating inside of diapason under 0.8796 level. Trading stays neutral. EUR/GBP has recently hit the key support of 0.8686. Another recoil is projected. Following pivot points include: (S1) 0.8746; (P) 0.8763; (R1) 0.8776.

Over 0.8796, 61.8% retracement of 0.8967 to 0.8666 at 0.8852 and even higher will be aligned. Sustained breach of 0.8666 will extend the fall from 0.9305 to hit the key support zone of 0.8303.

Sustained breach of 0.9304/5 will indicate restoration of an uptrend. Diapason trading will resume with a possibility of larger decline. EUR/GBP might align a repeat test of 0.8303 level. Firm support from the cluster support of 0.8116 should restrain downside.