Larger Reduction In EUR/GBP

Technical Reports

Trading of the cross is still neutral to consolidation under the short term top of 0.8901. While the whole minor support of 0.8808 holds, another rally is expected. Breach of 0.8901 will extend the intact lift from 0.8620 and align the cluster resistance of 0.8967. Following pivot points include: (S1) 0.8826; (P) 0.8845; (R1) 0.8860.

Breach of 0.8808 support will confirm ending of an intact recoil from 0.8620. Larger reduction should align 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.