EUR/GBP Moves Higher

Technical Reports

Trading is on the upside, as the growth from 0.8655 is in progress for resistance 0.9098. Following pivot points include: (S1) 0.8966; (P) 0.9027; (R1) 0.9102.

Hitting of resistance 0.9098 will aline key resistance 0.9304. Trading below minor support 0.8988 will become neutral and bring some consolidation.

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.