Daily Pivots: (S1) 0.8636; (P) 0.8651; (R1) 0.8667; More…. Intraday bias in EUR/GBP remains mildly on the upside for retesting 0.8700/4 resistance zone. Decisive break there will carry larger bullish implications. Nevertheless, break of 0.8614 will turn bias to the downside to resume the fall from 0.8704 instead. In the bigger picture, the down trend
EURGBP Outlook
EUR/GBP rebounded strongly after initial dip to 0.8614 last week. Corrective pull back from 0.8704 could have completed, after drawing support from 55 D EMA (now at 0.8621). The development revives near term bullish ness that rise from 0.8491 is still in progress. Initial bias is back on the upside for retesting 0.8700/4 resistance zone.
Daily Pivots: (S1) 0.8629; (P) 0.8641; (R1) 0.8659; More…. Intraday bias in EUR/GBP is turned neutral first but further decline is in favor with 0.8654 resistance intact. Below 0.8614 will resume the choppy fall form 0.8704 to 0.8568 support next. However, above 0.8654 minor resistance will turn intraday bias back to the upside for retesting
Daily Pivots: (S1) 0.8613; (P) 0.8628; (R1) 0.8640; More…. Downside momentum in EUR/GBP is not too convincing as seen in 4H MACD. But with 0.8654 minor resistance intact, further decline is expected, for 0.8568 support. Whole rebound form 0.8491 could have completed after rejection by 0.8700 resistance. Break of 0.8568 will bring retest of 0.8491
Daily Pivots: (S1) 0.8622; (P) 0.8639; (R1) 0.8648; More…. Break of 0.8629 support indicates resumption of the choppy decline from 0.8704. Intraday bias is back on the downside for 0.8568 support next. Whole rebound form 0.8491 could have completed after rejection by 0.8700 resistance. Break of 0.8568 will bring retest of 0.8491 low. On the
Daily Pivots: (S1) 0.8625; (P) 0.8642; (R1) 0.8651; More…. Range trading continues in EUR/GBP and intraday bias stays neutral. On the upside, decisive break of 0.8700 resistance will carry larger bullish implication and bring stronger rally to 0.8874 resistance next. Nevertheless, rejection by this resistance will maintain bearish outlook that larger down trend is not
Daily Pivots: (S1) 0.8640; (P) 0.8651; (R1) 0.8662; More…. Intraday bias in EUR/GBP remains neutral as range trading continues. On the upside, decisive break of 0.8700 resistance will carry larger bullish implication and bring stronger rally to 0.8874 resistance next. Nevertheless, rejection by this resistance will maintain bearish outlook that larger down trend is not