Daily Pivots: (S1) 0.8672; (P) 0.8686; (R1) 0.8711; More…. Intraday bias in EUR/GBP remains on the upside with focus on 0.8700 resistance. Decisive break there 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 over. Break of
EURGBP Outlook
EUR/GBP’s strong rebound last week raises the chance of bullish trend reversal. Initial bias stays on the upside this week with immediate focus on 0.8700 resistance. Decisive break there 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
Daily Pivots: (S1) 0.8634; (P) 0.8665; (R1) 0.8703; More…. Immediate focus is now on 0.8700 resistance in EUR/GBP. Rejection by this resistance will maintain bearish outlook that larger down trend is not over. Break of 0.8625 minor support will turn bias back to the downside for 0.8568 support first. However, sustained break of 0.8700 will
Daily Pivots: (S1) 0.8615; (P) 0.8637; (R1) 0.8659; More…. EUR/GBP’s rise from 0.8491 is continuing today and intraday bias stays on the upside. As noted before, this rise is seen as the third leg of the corrective pattern from 0.8502. Upside should be limited by 0.8667/8700 resistance zone. On the downside, below 0.8625 minor support
Daily Pivots: (S1) 0.8610; (P) 0.8622; (R1) 0.8645; More… Intraday bias in EUR/GBP stays on the upside as rise from 0.8491 extends higher today. While further rally could be seen, this rise is seen as the third leg of the corrective pattern from 0.8502. Upside should be limited by 0.8667/8700 resistance zone. On the downside
Daily Pivots: (S1) 0.8610; (P) 0.8622; (R1) 0.8645; More… EUR/GBP’s rebound from 0.8491 resumed by breaking 0.8629 and intraday bias is back on the upside. This rise is seen as the third leg of the corrective pattern from 0.8502. Upside should be limited by 0.8667/8700 resistance zone. On the downside, below 0.8597 minor support will
Daily Pivots: (S1) 0.8580; (P) 0.8598; (R1) 0.8627; More… Intraday bias in EUR/GBP remains neutral first. Rise from 0.8491 is seen as the third leg of the corrective pattern from 0.8502. Above 0.8609 resistance will bring stronger rise to 0.8667/8700 resistance zone. On the downside, below 0.8522 will bring retest of 0.8491 support. In the