Fall Completion In EUR/GBP

Technical Reports

Trading is on the upside, as corrective fall from 0.9097 should have completed at 0.8847. Further rise to resistance 0.9097 is expected. Following pivot points include: (S1) 0.8904; (P) 0.8951; (R1) 0.9029.

Overcoming of resistance 0.9097 will indicate resumption of the growth from 0.8620 towards high 0.9305. Hitting of minor support 0.8936 will become neutral.

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.