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
EURGBP Outlook
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
EUR/GBP’s decline from 0.8657 extended lower last week but failed to break through 0.8517 low. Initial bias remains neutral this week first, and outlook stays bearish too. 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.
Daily Pivots: (S1) 0.8556; (P) 0.8571; (R1) 0.8582; More… EUR/GBP’s fall from 0.8700 is still in progress and intraday bias stays on the downside for retesting 0.8502 low. Decisive break there will resume larger decline form 0.8977. On the upside, above 0.8618 minor resistance will turn intraday bias neutral first. In the bigger picture, the
Daily Pivots: (S1) 0.8544; (P) 0.8590; (R1) 0.8616; More… Intraday bias in EUR/GBP stays on the downside at this point. Recovery from 0.8502 could have completed ahead o f0.8717 support turned resistance, keeping outlook bearish. Retest of 0.8502 low should be seen next, and firm break there will resume larger decline form 0.8977. On the
Daily Pivots: (S1) 0.8612; (P) 0.8636; (R1) 0.8653; More… EUR/GBP’s break of 0.8619 minor support argues that rebound from 0.8502 has completed at 0.8700, ahead of 0.8717 support turned resistance. Intraday bias is back on the downside for retesting 0.8502 low. Firm break there will resume larger decline form 0.8977. Nevertheless, break of 0.8700 will
Daily Pivots: (S1) 0.8612; (P) 0.8636; (R1) 0.8653; More… Intraday bias in EUR/GBP stays neutral with focus on 0.8619 minor support. Strong rebound from there and decisive break of 0.8717 support turned resistance will solidify that fall from 0.8977 has completed a five-wave decline. Further rally should then be seen to 0.8977 resistance next. On