Every day Pivots: (S1) 0.8563; (P) 0.8583; (R1) 0.8597; Extra…
Intraday bias in EUR/GBP stays on the upside at this level. Rebound from 0.8497 is seen as a minimum of correcting the autumn from 0.8764. Additional rally can be seen to 161.8% projection of 0.8497 to 0.8577 from 0.8503 at 0.8632. For now, additional rise will stay in favor so long as 0.8529 minor help holds, in case of retreat.
Within the greater image, there isn’t a clear signal that down development from 0.9267 has accomplished, regardless of lack of draw back momentum as seen in D MACD. So long as 0.8713 resistance holds, the down development will stay in favor to renew via 0.8491 low at la later stage.
