Growth Resumption In EUR/GBP

Technical Reports

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.