Daily Pivots: (S1) 0.8971; (P) 0.9041; (R1) 0.9087; More…
Intraday bias in EUR/GBP remains neutral at this point. On the upside, firm break of 0.9098 resistance will extend the whole rise from 0.8655 to 0.9304 key resistance next. In any case, near term outlook will remain bullish as long as 0.8927 support holds.
In the bigger picture, EUR/GBP is seen as staying in long term range pattern started at 0.9304 (2016 high). It should be in medium term rising leg for 0.9304. Meanwhile, in case of another fall, down side should be contained by 0.8620/55 support zone to bring rebound.
