EUR/GBP Inside of Long Term Range Pattern

Technical Reports

Trading of the cross is still on the upside. Actual rally from 0.8620 is extending to repeat test of 0.9305 key resistance. Following pivot points include: (S1) 0.9060; (P) 0.9080; (R1) 0.9107.

Under minor support of 0.9033, trading will become neutral and consolidation will be seen. While 0.8895 support stands, short term forecast will remain bullish.

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.