Cluster Resistance in EUR/GBP

Technical Reports

Trading of the cross is still neutral. Breach of 0.8844 should confirm bullish reversal. Following pivot points include: (S1) 0.8786; (P) 0.8808; (R1) 0.8820.

Trading will turn up on the upside to cluster resistance of 0.8967. Under 0.8727, EUR/GBP will align a test of 0.8620 minimum.

The fall from 0.9305 is a part of consolidation from 0.9304, which could extend further. If firm rally occurs, firm resistance of 0.9304/5 will bound upside. Sustained support from the cluster support of 0.8116 is expected to restrain downside.