Growth Resumption In EUR/GBP

Technical Reports

Trading is on the upside, as the growth from 0.8655 is in progress. Fall from 0.9098 should have completed at 0.8655. Following pivot points include: (S1) 0.8898; (P) 0.8935; (R1) 0.8980.

Hitting of resistance 0.8655 will aline key resistance 0.9304. Overcoming of minor support 0.8876 will mix up near term forecast and turn trading neutral.

The cross remains inside of a long term diapason pattern from 0.9304. Hitting of resistance 0.8939 will indicate that it’s in a medium term rising leg for 0.9098 and above. As another fall is not excluded, downside should be contained by support zone 0.8620/55.