EURGBP Outlook

Intraday bias in EUR/GBP remains neutral for the moment for consolidation above 0.8430 temporary low. There is no change in the view that price actions from 0.8303 are a consolidation pattern. And, it...
EURGBP Outlook

EUR/GBP recovered after forming a temporary low at 0.8430, ahead of 0.8402 support. Intraday bias is turned neutral first. There is no change in the view that price actions from 0.8303 are a consolida...
EURGBP Outlook

Intraday bias remains on the downside for 0.8402 support. Consolidation pattern from 0.8303 could have finished at 0.8786 already. Break of 0.8402 will resume that larger decline from 0.9304 and targe...
EURGBP Outlook

After recovering to 0.8734, EUR/GBP reversed and dropped sharply to as low as 0.8483 last week. The development argues that consolidation pattern from 08303 is completed with three waves to 0.8786. An...
EURGBP Outlook

Intraday bias in EUR/GBP remains on the downside for 0.8402 support. Break of 0.8402 will extend the correction from 0.9304 with the third leg. In that case, we'd expect strong support from 0.8116 clu...
EURGBP Outlook

EUR/GBP's break of 0.8604 minor support indicates resumption of fall from 0.8786. Intraday bias is back on the downside for 0.8402 support next. Price actions from 0.8303 are forming a corrective p...
EURGBP Outlook

Intraday bias in EUR/GBP remains neutral for the moment. Overall, price actions from 0.8303 are forming a corrective pattern, as the second leg of the correction from 0.9304. Below 0.8604 will turn ...
EURGBP Outlook

EUR/GBP rebounded to as high as 0.8734 earlier today but quickly reversed. The development mixed up the near term outlook a bit and turns intraday bias neutral first. Still, price actions from 0.8303...
EURGBP Outlook

The strong rebound from 0.8604 and break of 0.8699 minor resistance suggests that pull back from 0.8786 is completed. Intraday bias is turned back to the upside for 0.8786 first. Break will extend the...
EURGBP Outlook

Intraday bias in EUR/GBP remains neutral for the moment. With 0.8699 minor resistance intact, deeper decline is mildly in favor. Below 0.8604 will target 61.8% of 0.8402 to 0.8786 at 0.8549 and po...
EURGBP Outlook

Intraday bias in EUR/GBP remains neutral for the moment. With 0.8699 minor resistance intact, deeper decline is mildly in favor. Below 0.8604 will target 61.8% of 0.8402 to 0.8786 at 0.8549 and pos...
EURGBP Outlook

EUR/GBP's corrective fall extended to as low as 0.8604 last week and took out 38.2% retracement of 0.8402 to 0.8786 at 0.8639. The decline was deeper than expected but the cross quickly recovered afte...