Drop In EUR/GBP Extends

Technical Reports

Trading is on the downside for support 0.8722. Trading above minor resistance 0.8864 will become neutral. Following pivot points include: (S1) 0.8765; (P) 0.8785; (R1) 0.8802.

Further fall is expected while minor resistance 0.8804 keeps. Overcoming of support 0.8722 will point out resumption of the whole decline from 0.9097 for 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. 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.