Growth Completion In EUR/GBP
Trading is on the downside, as bounce from 0.8722 has possibly completed at 0.8939, just ahead of 61.8% retracement of 0.9097 to 0.8722 at 0.8954. Following pivot points include: (S1) 0.8826; (P) 0.8880; (R1) 0.8916.
Further fall to low 0.8722 is expected while resistance 0.8939 keps. Trading above minor resistance 0.8864 will become neutral.
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.