EUR/GBP's Downside

Technical Reports

Trading tone of the cross is neutral. Breach of 0.8679 support should point out ending of recoil from 0.8620. In that case, trading will turn up on the downside to this support. Following pivot points include: (S1) 0.8705; (P) 0.8732; (R1) 0.8753.

The intact fall from 0.9305 is expected to extend. Over 0.8844, the recoil from 0.8620 will align the cluster resistance of 0.8967.

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.