EUR/GBP Might Drop Further

Technical Reports

Trading of the cross is still neutral. Another surge is projected if the whole minor support of 0.8796 holds. Breach of 0.8890 will extend the recoil from 0.8620 to the cluster resistance of 0.8967. Following pivot points include: (S1) 0.8811; (P) 0.8835; (R1) 0.8869.

Breach of 0.8796 will indicate ending of the intact recoil from 0.8620. In that case, larger decline will head towards 0.8724 support.

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.