Daily Pivots: (S1) 0.8582; (P) 0.8598; (R1) 0.8624; More… EUR/GBP’s rebound from 0.8491 resumed by breaking through 0.8609 resistance. Intraday bias is back on the upside for further rise to 0.8667/8700 resistance zone. Price actions from 0.8502 are seen as a consolidation pattern, with current rise as the third leg. Upside should be limited by
EURGBP Outlook
Daily Pivots: (S1) 0.8570; (P) 0.8582; (R1) 0.8606; More… Sideway trading continues in EUR/GBP and intraday bias remains neutral. Current rise from 0.8941 could be the third leg of the corrective pattern from 0.8502. On the upside, above 0.8609 would resume the rebound and target 0.8667 resistance, possibly further to 0.8700. On the downside, however
Daily Pivots: (S1) 0.8570; (P) 0.8582; (R1) 0.8594; More… Intraday bias in EUR/GBP remains neutral for the moment. Current rise from 0.8941 could be the third leg of the corrective pattern from 0.8502. On the upside, above 0.8609 would resume the rebound and target 0.8667 resistance, possibly further to 0.8700. On the downside, however, break
EUR/GBP extended near term range trading last week, and initial bias stays neutral this week first. Recent development argues that rise from 0.8491 could be the third leg of the corrective pattern from 0.8502. On the upside, above 0.8609 would resume the rebound and target 0.8667 resistance, possibly further to 0.8700. On the downside, however
Daily Pivots: (S1) 0.8565; (P) 0.8583; (R1) 0.8595; More… Intraday bias in EUR/GBP stays neutral for the moment. On the upside, above 0.8609 will resume the rebound from 0.8491. But near term outlook will stay bearish as long as 0.8667 resistance holds. On the downside, below 0.8522 will bring retest of 0.8491 low. In the
Daily Pivots: (S1) 0.8544; (P) 0.8561; (R1) 0.8593; More… Intraday bias in EUR/GBP is turned neutral with current strong rebound. On the upside, above 0.8609 will resume the rebound from 0.8491. But near term outlook will stay bearish as long as 0.8667 resistance holds. On the downside, below 0.8522 will bring retest of 0.8491 low.
Daily Pivots: (S1) 0.8512; (P) 0.8545; (R1) 0.8565; More… Intraday bias in EUR/GBP stays mildly on the downside at this point. Deeper fall would be seen to retest 0.8491 low. Firm break there will resume larger down trend. On the upside, above 0.8609 resistance will bring another rebound. But in any case, outlook will stay