EUR/GBP's Minimum Level

Technical Reports

Trading of the cross is still neutral. Consolidation from the short term minimum of 0.8875 might resume. Upside should be bounded under 0.9051 resistance, causing further drop. Following pivot points include: (S1) 0.8898; (P) 0.8914; (R1) 0.8937.

Intact corrective lift from 0.8620 might have ended at 0.9097. Under 0.8875 will align 61.8% retracement of 0.8620 to 0.9097 at 0.8802 and lower.

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.