EUR/GBP’s extended fall last week indicates short term topping at 0.8764, on bearish divergence condition in 4H MACD. Initial bias is now on the downside this week for 0.8648 support. Decisive break there will argue that whole rise from 0.8491 has completed and turn near term outlook bearish. Nevertheless, break of 0.8724 minor resistance will
EURGBP Outlook
Daily Pivots: (S1) 0.8684; (P) 0.8704; (R1) 0.8721; More…. Intraday bias in EUR/GBP stays neutral at this point. Another rally is still in favor with 0.8687 support holds. On the upside, break of 0.8764 will resume whole rebound from 0.8491. However, decisive break of 0.8687 will confirm short term topping, and turn bias back to
Daily Pivots: (S1) 0.8696; (P) 0.8711; (R1) 0.8729; More…. Intraday bias in EUR/GBP remains neutral for the moment. Also, another rally is in favor with 0.8687 support holds. On the upside, break of 0.8764 will resume whole rebound from 0.8491. However, decisive break of 0.8687 will confirm short term topping, and turn bias back to
Daily Pivots: (S1) 0.8684; (P) 0.8720; (R1) 0.8738; More…. EUR/GBP is still holding above 0.8648 support despite current steep retreat. Intraday bias remains neutral first, and another rally is in favor. Break of 0.8764 will resume whole rebound from 0.8491. However, decisive break of 0.8687 will confirm short term topping, and turn bias back to
Daily Pivots: (S1) 0.8738; (P) 0.8752; (R1) 0.8761; More…. Further rally is expected in EUR/GBP as long as 0.8648 support holds. Current rise from 0.8491 should target 61.8% projection of 0.8491 to 0.8752 from 0.8648 at 0.8809. On the downside, break of 0.8687 support will indicate short term topping, and turn bias back to the
Daily Pivots: (S1) 0.8741; (P) 0.8752; (R1) 0.8768; More…. Intraday bias in EUR/GBP remains mildly on the upside at this point. Current rally should target 61.8% projection of 0.8491 to 0.8752 from 0.8648 at 0.8809. On the downside, break of 0.8687 support is needed to indicate short term topping. Otherwise, further rally remains in favor
EUR/GBP’s rise from 0.8491 resumed last week by breaching 0.8752 resistance. Initial bias stays on the upside this week for 61.8% projection of 0.8491 to 0.8752 from 0.8648 at 0.8809. On the downside, break of 0.8687 support is needed to indicate short term topping. Otherwise, further rally remains in favor in case of retreat. In