Day by day Pivots: (S1) 0.8541; (P) 0.8552; (R1) 0.8559; Extra…
No change in EUR/GBP’s outlook and intraday bias stays mildly on the draw back. Deeper fall could be seen to retest 0.8491 low. Agency break there’ll resume bigger down pattern. On the upside, above 0.8609 minor resistance will deliver one other rebound. However in any case, outlook will keep bearish so long as 0.8667 resistance holds.
Within the greater image, the down pattern from 0.9267 (2022 excessive) is seen as a part of the long run vary sample from 0.9499 (2020 excessive). Additional decline is in favor so long as 0.8667 resistance holds. Break of 0.8491 will resume the autumn in direction of 0.8201 (2022 low).
