EUR/GBP's Strong Fall

Technical Reports

Decisive fall from 0.8844 is extending. 0.8679 support is aligned. Breach in that place should confirm conclusion of recoil from 0.8620. Trading should turn up on the downside to this support. Following pivot points include: (S1) 0.8688; (P) 0.8715; (R1) 0.8732.

The entire fall from 0.9305 is expected to prolong. Breach of 0.8844, the recoil from 0.8620 will extend and bullish reversal will be argued. EUR/GBP will head towards 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.