EUR/GBP's Short Term Top

Technical Reports

Trading tone of the cross is neutral to consolidation under the short term top of 0.8890. Downside of a pull back should be bounded over 0.8724 support, causing an increase restoration. Following pivot points include: (S1) 0.8825; (P) 0.8858; (R1) 0.8879.

Over 0.8890, EUR/GBP will align a 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.