Fall In EUR/GBP Has Resumed

Technical Reports

Trading is on the downside for 61.8% retracement of 0.8620 to 0.9097 at 0.8802, as drop from 0.9097 has resumed. Following pivot points include: (S1) 0.8828; (P) 0.8852; (R1) 0.8870.

Overcoming of resistance 0.8917 will needed indicate a short term bottoming. Break of 61.8% retracement of 0.8620 to 0.9097 at 0.8802 will aline support 0.8620.

The cross remains 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.