EUR/GBP edged lower to 0.8502 last week but quickly recovered. Initial bias stays neutral this week first and further decline is mildly in favor. Break of 0.8502 will resume whole fall from 0.8977 and target 61.8% projection of 0.8874 to 0.8517 from 0.8650 at 0.8436. However, firm break of 0.8583 will bring stronger rebound back
EURGBP Outlook
Daily Pivots: (S1) 0.8529; (P) 0.8552; (R1) 0.8569; More… No change in EUR/GBP’s outlook and intraday bias stays neutral. Near term outlook will stay bearish as long as 0.8657 resistance holds. Break of 0.8502 will resume larger decline from 0.8977 to 61.8% projection of 0.8874 to 0.8517 from 0.8650 at 0.8436. However, firm break of
Daily Pivots: (S1) 0.8526; (P) 0.8551; (R1) 0.8596; More… Intraday bias in EUR/GBP is turned neutral with current recovery, and some consolidations could be seen. Near term outlook will stay bearish as long as 0.8657 resistance holds. Break of 0.8502 will resume larger decline from 0.8977 to 61.8% projection of 0.8874 to 0.8517 from 0.8650
Daily Pivots: (S1) 0.8491; (P) 0.8526; (R1) 0.8548; More… Intraday bias in EUR/GBP remains on the downside for the moment. Current decline from 0.8977 is in progress for 61.8% projection of 0.8874 to 0.8517 from 0.8650 at 0.8436. On the upside, above 0.8583 minor resistance will turn intraday bias neutral first. But near term outlook
Daily Pivots: (S1) 0.8535; (P) 0.8559; (R1) 0.8579; More… Break of 0.8517 in EUR/GBP indicates resumption of recent down trend. Intraday bias is back on the downside for 61.8% projection of 0.8874 to 0.8517 from 0.8650 at 0.8436. On the upside, above 0.8583 minor resistance will turn intraday bias neutral first. But near term outlook
Daily Pivots: (S1) 0.8535; (P) 0.8559; (R1) 0.8579; More… EUR/GBP is staying in range above 0/8517 and intraday bias remains neutral. Also outlook stays bearish for deeper decline. On the downside, firm break of 0.8517 will resume the whole decline from 0.8977. Next target will be 61.8% projection of 0.8874 to 0.8517 from 0.8650 at
Daily Pivots: (S1) 0.8528; (P) 0.8541; (R1) 0.8557; More… Intraday bias in EUR/GBP remains neutral for the moment and outlook stays bearish. On the downside, firm break of 0.8517 will resume the whole decline from 0.8977. Next target will be 61.8% projection of 0.8874 to 0.8517 from 0.8650 at 0.8436. On the upside, above 0.8657