Fall In EUR/GBP Might Be Completed

Technical Reports

Trading is on the upside, considering minor support 0.8801. Trading below 0.8801 will back to the downside for 0.8722. Following pivot points include: (S1) 0.8813; (P) 0.8836; (R1) 0.8865.

As fall from 0.9097 might be completed, the bounce from 0.8722 should target 38.2% retracement of 0.9097 to 0.8722 at 0.8865. Break of 38.2% retracement of 0.9097 to 0.8722 at 0.8865 will aline 61.8% retracement at 0.8954 and above.

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. As fall from 0.9303 extends, downside should be contained by 0.8116 cluster support, 50% retracement of 0.6935 to 0.9304 at 0.8120