EUR/GBP's Bullish Short Term Forecast

Technical Reports

The cross is bounded in consolidation from 0.8957. Trading character is neutral. Short term forecast stays bullish while 0.8815 support stands. Bigger rally from 0.8620 should prolong. Following pivot points include: (S1) 0.8897; (P) 0.8917; (R1) 0.8928.

Firm 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.