Daily Pivots: (S1) 0.8553; (P) 0.8584; (R1) 0.8640; More…

Intraday bias in EUR/GBP remains neutral for the moment. Consolidations from 0.8737 could extend but further rise is still expected as long as 0.8518 support holds. On the upside, break of 0.8737 will resume the larger rally from 0.8221.

In the bigger picture, down trend from 0.9267 (2022 high) should have completed at 0.8221, just ahead of 0.9201 key support (2024 low). Rise from 0.8221 is likely reversing the whole fall. Further rise should be seen to 61.8% retracement of 0.9267 to 0.8221 at 0.8867 next. This will now remain the favored case as long as 0.8472 resistance turned support holds.

Daily Pivots: (S1) 0.8495; (P) 0.8556; (R1) 0.8587; More…

No change in EUR/GBP’s outlook and intraday bias stays neutral. Consolidations from 0.8737 could extend but further rise is still expected as long as 0.8518 support holds. On the upside, break of 0.8737 will resume the larger rally from 0.8221.

In the bigger picture, down trend from 0.9267 (2022 high) should have completed at 0.8221, just ahead of 0.9201 key support (2024 low). Rise from 0.8221 is likely reversing the whole fall. Further rise should be seen to 61.8% retracement of 0.9267 to 0.8221 at 0.8867 next. This will now remain the favored case as long as 0.8472 resistance turned support holds.

EURGBP: Sell

• EURGBP reversed from the resistance zone
• Likely to fall to support level 0.8460

EURGBP currency pair recently reversed down from the resistance zone between the resistance levels 0.8735 (former strong resistance from 2023) and 0.8625 (which reversed the price twice from the start of this year September.)

This resistance zone was strengthened by the upper weekly Bollinger Band and by the 38.2% and 50% Fibonacci correction levels of the downtrend from 2022.

Given the clear daily downtrend, EURGBP currency pair can be expected to fall to the next support level 0.8460, the former top of wave A from the start of 2025.

Daily Pivots: (S1) 0.8571; (P) 0.8633; (R1) 0.8666; More…

Intraday bias in EUR/GBP is turned neutral with current extended retreat. Some consolidations would be seen below 0.8737. But outlook will remain bullish as long as 0.8518 support holds. On the upside, break of 0.8737 will resume the larger rally from 0.8221.

In the bigger picture, down trend from 0.9267 (2022 high) should have completed at 0.8221, just ahead of 0.9201 key support (2024 low). Rise from 0.8221 is likely reversing the whole fall. Further rise should be seen to 61.8% retracement of 0.9267 to 0.8221 at 0.8867 next. This will now remain the favored case as long as 0.8472 resistance turned support holds.

Daily Pivots: (S1) 0.8625; (P) 0.8681; (R1) 0.8737; More…

While upside momentum is diminishing slightly as seen in 4H MACD, further rally is still expected as long as 0.8518 support holds. Current rise from 0.8221 should target 261.8% projection of 0.8239 to 0.8448 from 0.8314 at 0.8861. On the downside, break of 0.8518 support is needed to indicate short term topping. Otherwise, outlook will stay bullish in case of retreat.

In the bigger picture, down trend from 0.9267 (2022 high) should have completed at 0.8221, just ahead of 0.9201 key support (2024 low). Rise from 0.8221 is likely reversing the whole fall. Further rise should be seen to 61.8% retracement of 0.9267 to 0.8221 at 0.8867 next. This will now remain the favored case as long as 0.8472 resistance turned support holds.

EUR/GBP’s rally from 0.8221 continued last week and broke 0.8624 cluster resistance decisively. Initial bias remains on the upside this week. Next target is 261.8% projection of 0.8239 to 0.8448 from 0.8314 at 0.8861. On the downside, break of 0.8518 support is needed to indicate short term topping. Otherwise, outlook will stay bullish in case of retreat.

In the bigger picture, firm break of 0.8624 cluster resistance (38.2% retracement of 0.9267 to 0.8221 at 0.8621) should confirm the case of bullish trend reversal. That is, down trend from 0.9267 (2022 high) has completed at 0.8221, just ahead of 0.9201 key support (2024 low). Further rise should be seen to 61.8% retracement at 0.8867 next. This will now remain the favored case as long as 0.8472 resistance turned support holds.

In the long term picture, price action from 0.9499 (2020 high) is seen as part of the long term range pattern from 0.9799 (2008 high). Range trading should continue between 0.8201 and 0.9499, until there is clear signal of imminent breakout.

Daily Pivots: (S1) 0.8551; (P) 0.8606; (R1) 0.8691; More…

EUR/GBP’s rally resumed after brief retreat and intraday bias is back on the upside. Current rise should target 261.8% projection of 0.8239 to 0.8448 from 0.8314 at 0.8861. On the downside, break of 0.8518 support is needed to indicate short term topping. Otherwise, outlook will stay bullish in case of retreat.

In the bigger picture, firm break of 0.8624 cluster resistance (38.2% retracement of 0.9267 to 0.8221 at 0.8621) should confirm the case of bullish trend reversal. That is down trend from 0.9267 (2022 high) has completed at 0.8221, just ahead of 0.9201 key support (2022 low). Further rise should be seen to 61.8% retracement at 0.8867 next. This will now remain the favored case as long as 0.8472 resistance turned support holds.

Daily Pivots: (S1) 0.8492; (P) 0.8577; (R1) 0.8622; More…

EUR/GBP retreated sharply after hitting 161.8% projection of 0.8239 to 0.8448 from 0.8314 at 0.8652. Intraday bias is turned neutral again first. Some consolidations would be seen first. But outlook will stay bullish as long as 0.8472 resistance turned support holds. Sustained trading above 0.8624 key resistance will carry larger bullish implication.

In the bigger picture, the break of medium term channel resistance is a bullish signal. Down trend from 0.9267 (2022 high) could have completed at 0.8221, just ahead of 0.9201 key support (2022 low). Firm break of 0.8624 cluster resistance (38.2% retracement of 0.9267 to 0.8221 at 0.8621) will confirm this bullish case and target 61.8% retracement at 0.8867 next. Nevertheless, rejection by 0.8624 will keep medium term outlook neutral at best.

Daily Pivots: (S1) 0.8544; (P) 0.8569; (R1) 0.8610; More…

Intraday bias in EUR/GBP stays on the upside with immediate focus on 0.8624 key cluster resistance next. Decisive break there will be an important indication of larger bullish trend reversal. Next near term target will be 161.8% projection of 0.8239 to 0.8448 from 0.8314 at 0.8652. On the downside, break of 0.8528 minor support will turn intraday bias neutral first. But outlook will remain bullish as long as 0.8448 resistance turned support holds, in case of retreat.

In the bigger picture, the break of medium term channel resistance is a bullish signal. Down trend from 0.9267 (2022 high) could have completed at 0.8221, just ahead of 0.9201 key support (2022 low). Firm break of 0.8624 cluster resistance (38.2% retracement of 0.9267 to 0.8221 at 0.8621) will confirm this bullish case and target 61.8% retracement at 0.8867 next. Nevertheless, rejection by 0.8624 will keep medium term outlook neutral at best.

Daily Pivots: (S1) 0.8491; (P) 0.8541; (R1) 0.8621; More…

Intraday bias in EUR/GBP remains on the upside for the moment. Current rise from 0.8221 is in progress for 0.8624 key cluster resistance next. Decisive break there will be an important indication of larger bullish trend reversal. On the downside, below 0.8520 minor support will turn intraday bias neutral and bring consolidations first.

In the bigger picture, the break of medium term channel resistance is a bullish signal. Down trend from 0.9267 (2022 high) could have completed at 0.8221, just ahead of 0.9201 key support (2022 low). Firm break of 0.8624 cluster resistance (38.2% retracement of 0.9267 to 0.8221 at 0.8621) will confirm this bullish case and target 61.8% retracement at 0.8867 next. Nevertheless, rejection by 0.8624 will keep medium term outlook neutral at best.

Daily Pivots: (S1) 0.8445; (P) 0.8484; (R1) 0.8539; More…

EUR/GBP’s rally continues today and breaks through 100% projection of 0.8239 to 0.8448 from 0.8314 at 0.8523. Intraday bias stays on the upside for 0.8624 key cluster resistance next. On the downside, below 0.8475 minor support will turn intraday bias neutral and bring consolidations first.

In the bigger picture, the break of medium term channel resistance is a bullish signal. Down trend from 0.9267 (2022 high) could have completed at 0.8221, just ahead of 0.9201 key support (2022 low). Firm break of 0.8624 cluster resistance (38.2% retracement of 0.9267 to 0.8221 at 0.8621) will confirm this bullish case and target 61.8% retracement at 0.8867 next. Nevertheless, rejection by 0.8624 will keep medium term outlook neutral at best.

EUR/GBP’s rise from 0.8239 resumed by breaking through 0.8448 and 0.8472 resistance. There is no sign of topping yet. Initial bias stays on the upside this week. Firm break of 100% projection of 0.8239 to 0.8448 from 0.8314 at 0.8523 will pave the way to 0.8624 cluster resistance next. On the downside, below 0.8447 minor support will turn intraday bias neutral first.

In the bigger picture, the break of medium term channel resistance is a bullish signal. Down trend from 0.9267 (2022 high) could have completed at 0.8221, just ahead of 0.9201 key support (2022 low). Firm break of 0.8624 cluster resistance (38.2% retracement of 0.9267 to 0.8221 at 0.8621) will confirm this bullish case and target 61.8% retracement at 0.8867 next. Nevertheless, rejection by 0.8624 will keep medium term outlook neutral at best.

In the long term picture, price action from 0.9499 (2020 high) is seen as part of the long term range pattern from 0.9799 (2008 high). Range trading should continue between 0.8201 and 0.9499, until there is clear signal of imminent breakout.

Daily Pivots: (S1) 0.8352; (P) 0.8401; (R1) 0.8483; More…

Intraday bias in EUR/GBP stays on the upside for medium term channel resistance (now at 0.8490). Firm break there will target 100% projection of 0.8239 to 0.8448 from 0.8314 at 0.8523. On the downside, below 0.8412 minor support will turn intraday bias neutral and bring consolidations first.

In the bigger picture, EUR/GBP is still bounded inside medium term falling channel. While rebound from 0.8221 might extend higher, it could still develop into a corrective pattern. Overall outlook will be neutral at best and down trend from 0.9267 (2022 high) could extend, at least until decisive break of channel resistance (now at 0.8490).

Daily Pivots: (S1) 0.8320; (P) 0.8354; (R1) 0.8380; More…

EUR/GBP’s strong rally today suggests that fall from 0.8448 has completed at 0.8314 as a correction only. Intraday bias is back on the upside. Firm break of 0.8448 will target medium term channel resistance (now at 0.8490), and probably further to 100% projection of 0.8239 to 0.8448 from 0.8314 at 0.8523.

In the bigger picture, EUR/GBP is still bounded inside medium term falling channel. While rebound from 0.8221 might extend higher, it could still develop into a corrective pattern. Overall outlook will be neutral at best and down trend from 0.9267 (2022 high) could extend, at least until decisive break of channel resistance (now at 0.8490).

Daily Pivots: (S1) 0.8320; (P) 0.8354; (R1) 0.8380; More…

EUR/GBP is staying in established range despite some volatility. Intraday bias remains neutral first. On the downside, break of 0.8314 will resume the decline from 0.8448 towards 0.8239 support. Nevertheless, firm break of 0.8384 will argue that fall from 0.8448 is merely a correction and has completed. Retest of 0.8448 should be seen next.

In the bigger picture, EUR/GBP is still bounded inside medium term falling channel. While rebound from 0.8221 might extend higher, it could still develop into a corrective pattern. Overall outlook will be neutral at best and down trend from 0.9267 (2022 high) could extend, at least until decisive break of channel resistance (now at 0.8495).

Daily Pivots: (S1) 0.8341; (P) 0.8360; (R1) 0.8370; More…

Intraday bias in EUR/GBP remains neutral for the moment. With the near term falling channel intact, deeper fall is mildly in favor. Break of 0.8314 will resume the decline from 0.8448 towards 0.8239 support. Nevertheless, firm break of 0.8379 will argue that fall from 0.8448 is merely a correction and has completed. Retest of 0.8448 should be seen next.

In the bigger picture, EUR/GBP is still bounded inside medium term falling channel. While rebound from 0.8221 might extend higher, it could still develop into a corrective pattern. Overall outlook will be neutral at best and down trend from 0.9267 (2022 high) could extend, at least until decisive break of channel resistance (now at 0.8495).

Daily Pivots: (S1) 0.8356; (P) 0.8367; (R1) 0.8385; More…

Intraday bias in EUR/GBP stays neutral at this point. On the downside, below 08314 will bring deeper fall back to 0.8239 support. However, firm break of 0.8373 minor resistance will argue that fall from 0.8448 is merely a correction and has completed. Retest of 0.8448 should be seen next.

In the bigger picture, EUR/GBP is still bounded inside medium term falling channel. While rebound from 0.8221 might extend higher, it could still develop into a corrective pattern. Overall outlook will be neutral at best and down trend from 0.9267 (2022 high) could extend, at least until decisive break of channel resistance (now at 0.8495).

Daily Pivots: (S1) 0.8333; (P) 0.8351; (R1) 0.8387; More…

Intraday bias in EUR/GBP remains neutral for the moment. On the downside, below 08314 will bring deeper fall back to 0.8239 support. However, firm break of 0.8373 minor resistance will argue that fall from 0.8448 is merely a correction and has completed. Retest of 0.8448 should be seen next.

In the bigger picture, EUR/GBP is still bounded inside medium term falling channel. While rebound from 0.8221 might extend higher, it could still develop into a corrective pattern. Overall outlook will be neutral at best and down trend from 0.9267 (2022 high) could extend, at least until decisive break of channel resistance (now at 0.8495).

EUR/GBP gyrated lower last week and broke 55 D EMA (now at 0.8347). But subsequent strong recovery mixed up the near term outlook. Initial bias is turned neutral this week first. On the downside, below 08314 will bring deeper fall back to 0.8239 support. However, firm break of 0.8373 minor resistance will argue that fall from 0.8448 is merely a correction and has completed. Retest of 0.8448 should be seen next.

In the bigger picture, EUR/GBP is still bounded inside medium term falling channel. While rebound from 0.8221 might extend higher, it could still develop into a corrective pattern. Overall outlook will be neutral at best and down trend from 0.9267 (2022 high) could extend, at least until decisive break of channel resistance (now at 0.8495).

In the long term picture, price action from 0.9499 (2020 high) is seen as part of the long term range pattern from 0.9799 (2008 high). Range trading should continue between 0.8201 and 0.9499, until there is clear signal of imminent breakout.

Daily Pivots: (S1) 0.8327; (P) 0.8339; (R1) 0.8353; More…

Intraday bias in EUR/GBP remains mildly on the downside at this point. Rise from 0.8239 might have completed at 0.8448 already. Deeper fall would be seen back to 0.8239 support. On the upside, above 0.8384 minor resistance will turn bias back to the upside for 0.8448. Overall, consolidation pattern from 0.8221 is still in progress and could extend further.

In the bigger picture, EUR/GBP is still bounded inside medium term falling channel. While rebound from 0.8221 might extend higher, it could still develop into a corrective pattern. Overall outlook will be neutral at best and down trend from 0.9267 (2022 high) could extend, at least until decisive break of channel resistance (now at 0.8495).