EUR/GBP's Key Support

Technical Reports

Trading character of the cross is neutral. Over 0.8749, firm support from 0.8686 will be in focus and trading will turn up on the upside to 0.8796. Breach in that zone will align 61.8% retracement of 0.8967 to 0.8666 at 0.8852 and higher. Following pivot points include: (S1) 0.8700; (P) 0.8719; (R1) 0.8741.

Choppy breach of 0.8666 will prolong the intact decline from 0.9305. Then, EUR/GBP will align a key support 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.