Each day Pivots: (S1) 0.8531; (P) 0.8540; (R1) 0.8554; Extra…
Whereas draw back momentum in EUR/GBP isn’t too convincing, additional decline continues to be anticipated with 0.8563 resistance intact. Subsequent goal is 0.8491 low and break will resume bigger down pattern to 0.8464 projection degree. On the upside, above 0.8563 minor resistance will flip intraday bias impartial and produce consolidations once more.
Within the greater image, fall from 0.8764 is seen as one other leg in the entire down pattern from 0.9267 (2022 excessive). Outlook will keep bearish so long as 0.8713 resistance holds. Break of 0.8491 will goal 61.8% projection of 0.8977 to 0.8491 from 0.8764 at 0.8464.
