Daily Pivots: (S1) 0.8540; (P) 0.8550; (R1) 0.8565; More… EUR/GBP is still bounded in range of 0.8497/8557 and intraday bias remains neutral. On the downside decisive break of 0.8491/7 support zone will confirm larger down trend resumption and target 0.8464 projection level first. Nevertheless, firm break of 0.8577 will turn bias back to the upside
EURGBP Outlook
Daily Pivots: (S1) 0.8521; (P) 0.8538; (R1) 0.8557; More… Intraday bias in EUR/GBP remains neutral as it’s still bounded in range trading. On the downside decisive break of 0.8491/7 support zone will confirm larger down trend resumption and target 0.8464 projection level first. Nevertheless, firm break of 0.8577 will turn bias back to the upside
Daily Pivots: (S1) 0.8510; (P) 0.8522; (R1) 0.8540; More… No change in EUR/GBP’s outlook as range trading continues. Intraday bias stays neutral for the moment. On the downside decisive break of 0.8491/7 support zone will confirm larger down trend resumption and target 0.8464 projection level first. Nevertheless, firm break of 0.8577 will turn bias back
Daily Pivots: (S1) 0.8491; (P) 0.8520; (R1) 0.8536; More… Intraday bias in EUR/GBP remains neutral for the moment. On the downside decisive break of 0.8491/7 support zone will confirm larger down trend resumption and target 0.8464 projection level first. Nevertheless, firm break of 0.8577 will turn bias back to the upside for stronger rebound. In
EUR/GBP stayed in range of 0.8497/8577 last week and outlook is unchanged. Initial bias remains neutral this week first. On the downside decisive break of 0.8491/7 support zone will confirm larger down trend resumption and target 0.8464 projection level first. Nevertheless, firm break of 0.8577 will turn bias back to the upside for stronger rebound.
Daily Pivots: (S1) 0.8527; (P) 0.8545; (R1) 0.8567; More… Range trading continues in EUR/GBP and intraday bias stays neutral. On the upside, decisive break of 0.8577 resistance and 55 D EMA (now at 0.8572) will argue that fall from 0.8764 has completed. Intraday bias will be back on the upside for rebound towards 0.8713 resistance.
Daily Pivots: (S1) 0.8546; (P) 0.8555; (R1) 0.8568; More… Intraday bias in EUR/GBP remains neutral for the moment. Considering bullish convergence condition in D MACD, decisive break of 0.8577 and 55 D EMA (now at 0.8572) will argue that fall from 0.8764 has completed. Intraday bias will be back on the upside for rebound towards