Daily Pivots: (S1) 0.8877; (P) 0.8912; (R1) 0.8934; More…
Intraday bias in EUR/GBP remains on the downside at this point. Fall from 0.9175 should continue to 0.8864 support. Break will confirm completion of whole rebound from 0.8670 at 0.9175. On the upside, though, break of 0.8974 resistance will turn intraday bias neutral first.
In the bigger picture, at this point, we’s still seeing the fall from 0.9499 as developing into a corrective pattern. That is, up trend form 0.6935 (2015 low) would resume at a later stage. This will remain the favored case as long as 0.8276 support holds.
