EUR/GBP’s Intact Decline

Technical Reports

The cross remains inside of 0.8666/8796 diapason. Trading character is neutral. Breach of the 0.8666/86 support region will extend intact drop from 0.9305 and align the key support of 0.8312. Following pivot points include: (S1) 0.8703; (P) 0.8731; (R1) 0.8747.

Over 0.8796, the recoil from 0.8666 will extend and head towards 61.8% retracement of 0.8967 to 0.8666 at 0.8852 and higher.

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.