EUR/GBP's Reduction

Technical Reports

Decisive fall 0.8796 might be progressing. Sustained breach of 0.8666 will extend the intact decrease from 0.9305. The cross should head towards the key support of 0.8303. Following pivot points include: (S1) 0.8696; (P) 0.8711; (R1) 0.8731.

Over 0.8749, the firm support from 0.8686 will be in focus and trading will turn up on the upside to 0.8796. Breach in that area will 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.