EUR/GBP's Bullish Forecast

Technical Reports

The cross reached 0.9051 and trading became neutral. EUR/GBP is holding in short term rising channel. The forecast remains bullish to further increase. Over 0.9051, 0.9097 level will be aligned. Following pivot points include: (S1) 0.8959; (P) 0.9007; (R1) 0.9057.

Breach will extend the rally from 0.8620. Breach of 0.8937 support should reach short term channel support, arguing ending of increase from 0.8620 and making the forecast bearish.

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.