Cluster Resistance In EUR/GBP

Technical Reports

Trading of the cross is neutral. Price dynamic from 0.8957 looks like a corrective pattern while 0.8815 support is present. Following pivot points include: (S1) 0.8879; (P) 0.8891; (R1) 0.8908.

Strong breach of 0.8967 cluster resistance should point out conclusion of an intact fall from 0.9305. In that case, EUR/GBP should align 61.8% retracement at 0.9043.

The cross stuck inside of a long term diapason pattern from 0.9304. In case of another rally, sustained resistance from 0.9304/5 might bound upside. Firm support from 0.8303 would restrain downside if further medium term drop occurs.