Daily Pivots: (S1) 0.8542; (P) 0.8571; (R1) 0.8585; More… Breach of 0.8559 minor support suggests that rebound from 0.8491 has completed at 0.8609. Intraday bias in EUR/GBP is back on the downside for retesting 0.8491 low first. Firm break there will resume larger down trend. In any case, outlook will stay bearish as long as
EURGBP Outlook
Daily Pivots: (S1) 0.8578; (P) 0.8594; (R1) 0.8603; More… Intraday bias in EUR/GBP is turned neutral again with current retreat. Overall, while further rally could be seen, near term outlook will stay bearish with 0.8667 resistance intact. On the downside, below 0.8559 minors support will turn bias to the downside for retesting 0.8491 low first.
EUR/GBP edged higher to 0.8629 last week but retreated since then. Initial bias remains neutral this week first, and outlook is unchanged. Price actions from 0.8502 are seen as a corrective pattern, with rise from 0.8491 as the third level. Above 0.8609 will bring further rise to 0.8667/8700 resistance zone. On the downside, below 0.8522
Daily Pivots: (S1) 0.8562; (P) 0.8588; (R1) 0.8604; More… Intraday bias in EUR/GBP stays neutral and outlook is unchanged. Price actions from 0.8502 are a consolidation pattern. Above 0.8629 would bring stronger recovery, but upside should be limited 0.8700 to bring larger decline resumption. On the downside, below 0.8522 will bring retest of 0.8491 support.
Daily Pivots: (S1) 0.8577; (P) 0.8604; (R1) 0.8618; More… Intraday bias in EUR/GBP is turned neutral again with current retreat. But outlook is unchanged that price actions from 0.8502 are a consolidation pattern. Above 0.8629 would bring stronger recovery, but upside should be limited 0.8700 to bring larger decline resumption. On the downside, below 0.8522
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
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