© Dukascopy Bank SA
Now EUR/GBP is erasing gains it accumulated during a jump from a six-month low of 0.8083 hit a few days earlier. If the pair prolongs its slump, it is likely to fins some support at several levels; the first one may be at 0.8127/4 (four-hour S1, S2; daily S1), the second one—at 0.8120/13 (four-hour R3; daily R2; 50-bar SMA) and the third one—at 0.8100 (daily R3), below which a slide to the pattern's support line seems almost inevitable.
© Dukascopy Bank SA