Growth Resumption In EUR/GBP
Trading is on the upside for resistance 0.8939, as the growth has resumed. Trading below minor support 0.8779 will turn focus back to 0.8655. Following pivot points include: (S1) 0.8747; (P) 0.8819; (R1) 0.8941.
Overcoming of resistance 0.8939 will indicate completion of whole fall from 0.9098. Further growth to 0.9098 is expected.
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.