Bigger Rally In EUR/GBP

Technical Reports

The cross significantly recommenced after touching 0.8864. Upside is bounded under 0.8957. Trading character is neutral. The correction from 0.8957 might be progressing while 0.8815 support is present. Bigger rally should resume. Following pivot points include: (S1) 0.8889; (P) 0.8905; (R1) 0.8929.

Strong breach of 0.8967 cluster resistance should indicate ending of an intact fall from 0.9305. In that case, EUR/GBP would head towards 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.