EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8311; (P) 0.8335; (R1) 0.8357; More…

Intraday bias in EUR/GBP stays neutral at this point. Outlook also remains bearish with 0.8446 resistance intact. On the downside, below 0.8306 minor support will turn bias back to the downside for 0.8259 first, and then 0.8201 key support. Nevertheless, firm break of 0.8446 will confirm short term bottoming.

In the bigger picture, down trend from 0.9267 (2022 high) is in progress. Next target is 0.8201 (2022 low), but strong support should be seen there to bring rebound. However, outlook will remain bearish as long as 0.8624 resistance holds even in case of strong rebound. Decisive break of 0.8201 will indicate long term bearish reversal.

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8333; (P) 0.8354; (R1) 0.8377; More…

Intraday bias in EUR/GBP remains neutral and outlook stays bearish with 0.8446 resistance intact. On the downside, below 0.8306 minor support will turn bias back to the downside for 0.8259 first, and then 0.8201 key support. Nevertheless, firm break of 0.8446 will confirm short term bottoming.

In the bigger picture, down trend from 0.9267 (2022 high) is in progress. Next target is 0.8201 (2022 low), but strong support should be seen there to bring rebound. However, outlook will remain bearish as long as 0.8624 resistance holds even in case of strong rebound. Decisive break of 0.8201 will indicate long term bearish reversal.

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8342; (P) 0.8358; (R1) 0.8375; More…

Outlook in EUR/GBP is unchanged and intraday bias stays neutral. Further decline is expected as long as 0.8446 resistance holds. On the downside, below 0.8306 minor support will turn bias back to the downside for 0.8259 first, and then 0.8201 key support. Nevertheless, firm break of 0.8446 will confirm short term bottoming.

In the bigger picture, down trend from 0.9267 (2022 high) is in progress. Next target is 0.8201 (2022 low), but strong support should be seen there to bring rebound. However, outlook will remain bearish as long as 0.8624 resistance holds even in case of strong rebound. Decisive break of 0.8201 will indicate long term bearish reversal.

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8322; (P) 0.8341; (R1) 0.8371; More…

Intraday bias in EUR/GBP stays neutral for the moment and outlook remains bearish 0.8446 resistance holds. On the downside, below 0.8306 minor support will turn bias back to the downside for 0.8259 first, and then 0.8201 key support. Nevertheless, firm break of 0.8446 will confirm short term bottoming.

In the bigger picture, down trend from 0.9267 (2022 high) is in progress. Next target is 0.8201 (2022 low), but strong support should be seen there to bring rebound. However, outlook will remain bearish as long as 0.8624 resistance holds even in case of strong rebound. Decisive break of 0.8201 will indicate long term bearish reversal.

EUR/GBP Weekly Outlook

EUR/GBP edged lower to 0.8259 last week but recovered since then. Initial bias remains neutral this week and outlook stay bearish as long as 0.8446 resistance holds. On the downside, below 0.8306 minor support will turn bias back to the downside for 0.8259 first, and then 0.8201 key support. Nevertheless, firm break of 0.8446 will confirm short term bottoming.

In the bigger picture, down trend from 0.9267 (2022 high) is in progress. Next target is 0.8201 (2022 low), but strong support should be seen there to bring rebound. However, outlook will remain bearish as long as 0.8624 resistance holds even in case of strong rebound. Decisive break of 0.8201 will indicate long term bearish reversal.

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.

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8305; (P) 0.8315; (R1) 0.8322; More…

Intraday bias in EUR/GBP remains neutral for the moment. More consolidations could be seen above 0.8259 but further decline is expected as long as 0.8446 resistance holds. Break of 0.8259 will resume larger down trend to 0.8201 key support.

In the bigger picture, down trend from 0.9267 (2022 high) is in progress. Next target is 0.8201 (2022 low), but strong support should be seen there to bring rebound. However, outlook will remain bearish as long as 0.8624 resistance holds even in case of strong rebound. Decisive break of 0.8201 will indicate long term bearish reversal.

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8299; (P) 0.8322; (R1) 0.8337; More…

Intraday bias in EUR/GBP stays neutral and more consolidations could be seen above 0.8259 temporary low. But further decline is expected as long as 0.8446 resistance holds. Break of 0.8259 will resume larger down trend to 0.8201 key support.

In the bigger picture, down trend from 0.9267 (2022 high) is in progress. Next target is 0.8201 (2022 low), but strong support should be seen there to bring rebound. However, outlook will remain bearish as long as 0.8624 resistance holds even in case of strong rebound. Decisive break of 0.8201 will indicate long term bearish reversal.

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8294; (P) 0.8315; (R1) 0.8354; More…

Intraday bias in EUR/GBP is turned neutral again with break of 0.8324 minor resistance. Some consolidations could be seen but further decline is expected as long as 0.8446 resistance holds. Break of 0.8259 will resume larger down trend to 0.8201 key support.

In the bigger picture, down trend from 0.9267 (2022 high) is in progress. Next target is 0.8201 (2022 low), but strong support should be seen there to bring rebound. However, outlook will remain bearish as long as 0.8624 resistance holds even in case of strong rebound. Decisive break of 0.8201 will indicate long term bearish reversal.

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8259; (P) 0.8281; (R1) 0.8301; More…

Intraday bias in EUR/GBP remains on the downside for 61.8% projection of 0.8624 to 0.8294 from 0.8446 at 0.8242. Break there will target 0.8201 key support. On the upside, above 0.8324 minor resistance will turn intraday bias neutral first. But outlook will stay bearish as long as 0.8446 resistance holds, in case of rebound.

In the bigger picture, down trend from 0.9267 (2022 high) is in progress. Next target is 0.8201 (2022 low), but strong support should be seen there to bring rebound. However, outlook will remain bearish as long as 0.8624 resistance holds even in case of strong rebound. Decisive break of 0.8201 will indicate long term bearish reversal.

EUR/GBP Mid-Day Outlook

Daily Pivots: (S1) 0.8283; (P) 0.8305; (R1) 0.8317; More…

EUR/GBP’s decline accelerates lower today and intraday bias stays on the downside for 61.8% projection of 0.8624 to 0.8294 from 0.8446 at 0.8242. Break there will target 0.8201 key support. On the upside, above 0.8324 minor resistance will turn intraday bias neutral first. But outlook will stay bearish as long as 0.8446 resistance holds, in case of rebound.

In the bigger picture, down trend from 0.9267 (2022 high) is in progress. Next target is 0.8201 (2022 low), but strong support should be seen there to bring rebound. However, outlook will remain bearish as long as 0.8624 resistance holds even in case of strong rebound. Decisive break of 0.8201 will indicate long term bearish reversal.

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8283; (P) 0.8305; (R1) 0.8317; More…

Intraday bias in EUR/GBP remains on the downside as larger down trend is resuming. Next near term target is 61.8% projection of 0.8624 to 0.8294 from 0.8446 at 0.8242. Break there will target 0.8201 key support. On the upside, above 0.8339 minor resistance will turn intraday bias neutral first. But outlook will stay bearish as long as 0.8446 resistance holds, in case of rebound.

In the bigger picture, down trend from 0.9267 (2022 high) is in progress. Next target is 0.8201 (2022 low), but strong support should be seen there to bring rebound. However, outlook will remain bearish as long as 0.8624 resistance holds even in case of strong rebound. Decisive break of 0.8201 will indicate long term bearish reversal.

EUR/GBP Weekly Outlook

EUR/GBP’s late breach of 0.8294 suggests that larger down trend is resuming. Initial bias stays on the downside this week for 61.8% projection of 0.8624 to 0.8294 from 0.8446 at 0.8242. Break there will target 0.8201 key support. On the upside, above 0.8339 minor resistance will turn intraday bias neutral first. But outlook will stay bearish as long as 0.8446 resistance holds, in case of rebound.

In the bigger picture, down trend from 0.9267 (2022 high) is in progress. Next target is 0.8201 (2022 low), but strong support should be seen there to bring rebound. However, outlook will remain bearish as long as 0.8624 resistance holds even in case of strong rebound. Decisive break of 0.8201 will indicate long term bearish reversal.

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.

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8303; (P) 0.8322; (R1) 0.8336; More…

Intraday bias in EUR/GBP stays neutral and outlook remains bearish with 0.8446 resistance intact. On the downside, break of 0.8294 low will resume larger down trend to 0.8201 key support next. On the upside, break of 0.8446 will resume the rebound from 0.8294 short term bottom towards 0.8624 resistance instead.

In the bigger picture, down trend from 0.9267 (2022 high) is in progress. Next target is 0.8201 (2022 low), but strong support should be seen there to bring rebound. However, outlook will remain bearish as long as 0.8624 resistance holds even in case of strong rebound. Decisive break of 0.8201 will indicate long term bearish reversal.

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8372; (P) 0.8387; (R1) 0.8395; More…

Intraday bias in EUR/GBP remains neutral first, and outlook stays bearish with 0.8446 resistance intact. On the downside, break of 0.8294 low will resume larger down trend to 0.8201 key support next. On the upside, break of 0.8446 will resume the rebound from 0.8294 short term bottom towards 0.8624 resistance instead.

In the bigger picture, down trend from 0.9267 (2022 high) is in progress. Next target is 0.8201 (2022 low), but strong support should be seen there to bring rebound. However, outlook will remain bearish as long as 0.8624 resistance holds even in case of strong rebound. Decisive break of 0.8201 will indicate long term bearish reversal.

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8378; (P) 0.8399; (R1) 0.8415; More…

Intraday bias in EUR/GBP stays neutral first and consolidations from 0.8294 could extend further. On the downside, break of 0.8294 low will resume larger down trend to 0.8201 key support next. On the upside, break of 0.8446 will resume the rebound from 0.8294 short term bottom towards 0.8624 resistance instead.

In the bigger picture, down trend from 0.9267 (2022 high) is in progress. Next target is 0.8201 (2022 low), but strong support should be seen there to bring rebound. However, outlook will remain bearish as long as 0.8624 resistance holds even in case of strong rebound. Decisive break of 0.8201 will indicate long term bearish reversal.

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8355; (P) 0.8399; (R1) 0.8429; More…

Intraday bias in EUR/GBP remains neutral for the moment. On the downside, break of 0.8294 low will resume larger down trend to 0.8201 key support next. On the upside, break of 0.8446 will resume the rebound fro 0.8294 short term bottom towards 0.8624 resistance instead.

In the bigger picture, down trend from 0.9267 (2022 high) is in progress. Next target is 0.8201 (2022 low), but strong support should be seen there to bring rebound. However, outlook will remain bearish as long as 0.8624 resistance holds even in case of strong rebound. Decisive break of 0.8201 will indicate long term bearish reversal.

EUR/GBP Weekly Outlook

EUR/GBP rebounded strongly to 0.8446 last week, but failed to sustain above 0.8433 resistance and retreated sharply. Initial bias is turned neutral this week first. On the downside, break of 0.8294 low will resume larger down trend to 0.8201 key support next. On the upside, break of 0.8446 will resume the rebound towards 0.8624 resistance.

In the bigger picture, down trend from 0.9267 (2022 high) is in progress. Next target is 0.8201 (2022 low), but strong support should be seen there to bring rebound. However, outlook will remain bearish as long as 0.8624 resistance holds even in case of strong rebound. Decisive break of 0.8201 will indicate long term bearish reversal.

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.

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8378; (P) 0.8413; (R1) 0.8472; More…

Immediate focus stays on 0.8433 resistance in EUR/GBP. Sustained break there will confirm short term bottoming at 0.8294. Further rally should be seen towards 0.8624 resistance next. On the downside, below 0.8381 minor support will bring retest o f0.8294 low instead.

In the bigger picture, down trend from 0.9267 (2022 high) is in progress. Next target is 0.8201 (2022 low), but strong support should be seen there to bring rebound. However, outlook will remain bearish as long as 0.8624 resistance holds even in case of strong rebound. Decisive break of 0.8201 will indicate long term bearish reversal.

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8328; (P) 0.8353; (R1) 0.8400; More…

While EUR/GBP rebounded strongly, upside is still held below 0.8433 resistance. Intraday bias stays neutral and outlook remains bearish for now. On the downside, break of 0.8294 will resume larger down trend to 0.8201 key support next. Strong support could be seen from there to bring rebound.

In the bigger picture, down trend from 0.9267 (2022 high) is in progress. Next target is 0.8201 (2022 low), but strong support should be seen there to bring rebound. However, outlook will remain bearish as long as 0.8624 resistance holds even in case of strong rebound. Decisive break of 0.8201 will indicate long term bearish reversal.

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8293; (P) 0.8320; (R1) 0.8340; More…

EUR/GBP is still staying in range above 0.8295 after repeated rejection by 55 4H EMA and intraday bias remains neutral. Outlook stays bearish with 0.8433 resistance intact. On the downside, break of 0.8294 will resume larger down trend to 0.8201 key support next. Strong support could be seen from there to bring rebound.

In the bigger picture, down trend from 0.9267 (2022 high) is in progress. Next target is 0.8201 (2022 low), but strong support should be seen there to bring rebound. However, outlook will remain bearish as long as 0.8624 resistance holds even in case of strong rebound. Decisive break of 0.8201 will indicate long term bearish reversal.