EUR/GBP's Temporary Top

Technical Reports

Trading of the cross is on the downside. A temporary top has been created at 0.9097. The corrective lift from 0.8620 might be over. Following pivot points include: (S1) 0.8902; (P) 0.8956; (R1) 0.8997.

Sustained breach of 38.2% retracement of 0.8620 to 0.9097 at 0.8915 will align 61.8% retracement at 0.8802 and lower. Over the minor resistance of 0.9005, EUR/GBP will head towards 0.9097 maximum.

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.