Daily Pivots: (S1) 0.8303; (P) 0.8320; (R1) 0.8335; More…

EUR/GBP’s break of 0.8353 resistance argues that fall from 0.8472 has completed at 0.8290. Intraday bias is back on the upside for 0.8472 resistance. Firm break there will resume the rebound from 0.8221. On the downside, break of 0.8290 will target a retest on 0.8221 low.

In the bigger picture, a medium term bottom should be in place at 0.8221, just ahead of 0.8201 key support (2022 low). Sustained trading above 55 W EMA (now at 0.8442) will pave the way to 0.8624 cluster zone (38.2% retracement of 0.9267 to 0.8221 at 0.8621), even just as a correction to the down trend from 0.9267 (2022 high). But still, medium term outlook will be neutral at best as long as 0.8621/4 holds.

Daily Pivots: (S1) 0.8303; (P) 0.8320; (R1) 0.8335; More…

Intraday bias in EUR/GBP is turned neutral for consolidations above 0.8290 temporary low. Further decline s expected as long as 0.8353 resistance holds. Corrective rebound from 0.8221 should have completed already. Fall from 0.8472 would target a retest of 0.8221 low. However, firm break of 0.8353 will turn bias back to the upside for stronger rebound.

In the bigger picture, a medium term bottom should be in place at 0.8221, just ahead of 0.8201 key support (2022 low). Sustained trading above 55 W EMA (now at 0.8442) will pave the way to 0.8624 cluster zone (38.2% retracement of 0.9267 to 0.8221 at 0.8621), even just as a correction to the down trend from 0.9267 (2022 high). But still, medium term outlook will be neutral at best as long as 0.8621/4 holds.

Daily Pivots: (S1) 0.8298; (P) 0.8315; (R1) 0.8331; More…

Further decline is expected in EUR/GBP with 0.8353 minor resistance intact. Corrective rebound from 0.8221 should have completed already. Fall from 0.8472 would target a retest of 0.8221 low. However, firm break of 0.8353 will turn bias back to the upside for stronger rebound.

In the bigger picture, a medium term bottom should be in place at 0.8221, just ahead of 0.8201 key support (2022 low). Sustained trading above 55 W EMA (now at 0.8442) will pave the way to 0.8624 cluster zone (38.2% retracement of 0.9267 to 0.8221 at 0.8621), even just as a correction to the down trend from 0.9267 (2022 high). But still, medium term outlook will be neutral at best as long as 0.8621/4 holds.

Daily Pivots: (S1) 0.8284; (P) 0.8315; (R1) 0.8339; More…

EUR/GBP’s fall from 0.8472 is in progress and intraday bias stays on the downside. Corrective rebound from 0.8221 should have completed already. Deeper decline would be seen to retest this low. On the upside, above 0.8535 minor resistance will turn intraday bias neutral first.

In the bigger picture, a medium term bottom should be in place at 0.8221, just ahead of 0.8201 key support (2022 low). Sustained trading above 55 W EMA (now at 0.8442) will pave the way to 0.8624 cluster zone (38.2% retracement of 0.9267 to 0.8221 at 0.8621), even just as a correction to the down trend from 0.9267 (2022 high). But still, medium term outlook will be neutral at best as long as 0.8621/4 holds.

Daily Pivots: (S1) 0.8346; (P) 0.8367; (R1) 0.8379; More…

EUR/GBP’s strong break of 55 D EMA (now at 0.8355) suggests that rebound from 0.8221 has completed at 0.8472 as a corrective move. Intraday bias stays on the downside for retesting 0.8221 low. On the upside, above 0.8388 minor resistance will turn intraday bias neutral first.

In the bigger picture, a medium term bottom should be in place at 0.8221, just ahead of 0.8201 key support (2022 low). Sustained trading above 55 W EMA (now at 0.8442) will pave the way to 0.8624 cluster zone (38.2% retracement of 0.9267 to 0.8221 at 0.8621), even just as a correction to the down trend from 0.9267 (2022 high). But still, medium term outlook will be neutral at best as long as 0.8621/4 holds.

Daily Pivots: (S1) 0.8357; (P) 0.8373; (R1) 0.8387; More…

EUR/GBP’s fall from 0.8472 is in progress and intraday bias stays on the downside. Sustained break of 55 D EMA (now at 0.8355) will argue that whole rebound from 0.8221 has completed at 0.8472 as a corrective move. Nevertheless, strong bounce from the 55 D EMA, followed by break of 0.8397 minor resistance, will argue that the pull back has completed and bring retest of 0.8472.

In the bigger picture, a medium term bottom should be in place at 0.8221, just ahead of 0.8201 key support (2022 low). Sustained trading above 55 W EMA (now at 0.8442) will pave the way to 0.8624 cluster zone (38.2% retracement of 0.9267 to 0.8221 at 0.8621), even just as a correction to the down trend from 0.9267 (2022 high). But still, medium term outlook will be neutral at best as long as 0.8621/4 holds.

Daily Pivots: (S1) 0.8355; (P) 0.8378; (R1) 0.8393; More…

Intraday bias in EUR/GBP remains on the downside at this point. Sustained break of 55 D EMA (now at 0.8355) will argue that whole rebound from 0.8221 has completed at 0.8472 as a corrective move. Nevertheless, strong bounce from the 55 D EMA, followed by break of 0.8397 minor resistance, will argue that the pull back has completed and bring retest of 0.8472.

In the bigger picture, a medium term bottom should be in place at 0.8221, just ahead of 0.8201 key support (2022 low). Sustained trading above 55 W EMA (now at 0.8442) will pave the way to 0.8624 cluster zone (38.2% retracement of 0.9267 to 0.8221 at 0.8621), even just as a correction to the down trend from 0.9267 (2022 high). But still, medium term outlook will be neutral at best as long as 0.8621/4 holds.

Daily Pivots: (S1) 0.8371; (P) 0.8392; (R1) 0.8405; More…

Intraday bias in EUR/GBP remains on the downside as fall from 0.8472 short term top is in progress. Sustained break of 55 D EMA (now at 0.8354) will argue that whole rebound from 0.8221 has completed as a corrective move. Nevertheless, strong bounce from the 55 D EMA, followed by break of 0.8419 minor resistance, will argue that the pull back has completed and bring retest of 0.8472.

In the bigger picture, a medium term bottom should be in place at 0.8221, just ahead of 0.8201 key support (2022 low). Sustained trading above 55 W EMA (now at 0.8442) will pave the way to 0.8624 cluster zone (38.2% retracement of 0.9267 to 0.8221 at 0.8621), even just as a correction to the down trend from 0.9267 (2022 high). But still, medium term outlook will be neutral at best as long as 0.8621/4 holds.

Daily Pivots: (S1) 0.8382; (P) 0.8402; (R1) 0.8412; More…

Break of 0.8403 support confirms short term topping at 0.8472 in EUR/GBP. Intraday bias is back on the downside for 55 D EMA (now at 0.8354). Sustained break there will argue that whole rebound from 0.8221 has completed as a corrective move. Nevertheless, strong bounce from the 55 D EMA, followed by break of 0.8472 resistance, will resume the rally towards 0.8624 key cluster resistance zone.

In the bigger picture, a medium term bottom should be in place at 0.8221, just ahead of 0.8201 key support (2022 low). Sustained trading above 55 W EMA (now at 0.8442) will pave the way to 0.8624 cluster zone (38.2% retracement of 0.9267 to 0.8221 at 0.8621), even just as a correction to the down trend from 0.9267 (2022 high). But still, medium term outlook will be neutral at best as long as 0.8621/4 holds.

Daily Pivots: (S1) 0.8388; (P) 0.8425; (R1) 0.8447; More…

Focus remains on 0.8403 support in EUR/GBP. Sustained break there will confirm short term topping at 0.8472, and bring deeper pullback to 55 D EMA (now at 0.8350). On the upside, though, break of 0.8472 will resume the rally from 0.8221 to 0.8624 key cluster resistance zone next.

In the bigger picture, a medium term bottom should be in place at 0.8221, just ahead of 0.8201 key support (2022 low). Sustained trading above 55 W EMA (now at 0.8442) will pave the way to 0.8624 cluster zone (38.2% retracement of 0.9267 to 0.8221 at 0.8621), even just as a correction to the down trend from 0.9267 (2022 high). But still, medium term outlook will be neutral at best as long as 0.8621/4 holds.

EUR/GBP edged higher to 0.8472 last week but retreated notably since then. Initial bias stays neutral this week first. On the upside, break of 0.8472 will resume the rally from 0.8221 to 0.8624 key cluster resistance zone next. However, sustained break of 0.8403 will turn bias back to the downside for 55 D EMA (now at 0.8350).

In the bigger picture, a medium term bottom should be in place at 0.8221, just ahead of 0.8201 key support (2022 low). Sustained trading above 55 W EMA (now at 0.8442) will pave the way to 0.8624 cluster zone (38.2% retracement of 0.9267 to 0.8221 at 0.8621), even just as a correction to the down trend from 0.9267 (2022 high). But still, medium term outlook will be neutral at best as long as 0.8621/4 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) 0.8422; (P) 0.8441; (R1) 0.8452; More…

Intraday bias in EUR/GBP remains neutral for the moment, and more consolidations could be seen below 0.8472. Outlook will stay bullish as long as 0.8403 support holds. Break of 0.8472 temporary top will resume the rally from 0.8221 to 0.8624 key cluster resistance zone next.

In the bigger picture, a medium term bottom was formed at 0.8221, just ahead of 0.8201 key support (2022 low). But outlook will be neutral as best as long as 0.8624 cluster resistance (38.2% retracement of 0.9267 to 0.8221 at 0.8621) holds. That is, larger down trend from 0.9267 (2022 high) might still extend lower. However, decisive break of 0.8621/4 should confirm trend reversal and turn outlook bullish.

Daily Pivots: (S1) 0.8435; (P) 0.8449; (R1) 0.8467; More…

Intraday bias in EUR/GBP stays neutral for consolidations below 0.8472 temporary top. Outlook will stay bullish as long as 0.8403 support holds. Break of 0.8472 temporary top will resume the rally from 0.8221 to 0.8624 key cluster resistance zone next.

In the bigger picture, a medium term bottom was formed at 0.8221, just ahead of 0.8201 key support (2022 low). But outlook will be neutral as best as long as 0.8624 cluster resistance (38.2% retracement of 0.9267 to 0.8221 at 0.8621) holds. That is, larger down trend from 0.9267 (2022 high) might still extend lower. However, decisive break of 0.8621/4 should confirm trend reversal and turn outlook bullish.

Daily Pivots: (S1) 0.8430; (P) 0.8447; (R1) 0.8455; More…

EUR/GBP lost upside momentum as seen in 4H MACD, and intraday bias is turned neutral first. Outlook will stay bullish as long as 0.8403 support holds. Break of 0.8472 temporary top will resume the rally from 0.8221 to 0.8624 key cluster resistance zone next.

In the bigger picture, a medium term bottom was formed at 0.8221, just ahead of 0.8201 key support (2022 low). But outlook will be neutral as best as long as 0.8624 cluster resistance (38.2% retracement of 0.9267 to 0.8221 at 0.8621) holds. That is, larger down trend from 0.9267 (2022 high) might still extend lower. However, decisive break of 0.8621/4 should confirm trend reversal and turn outlook bullish.

Daily Pivots: (S1) 0.8433; (P) 0.8453; (R1) 0.8470; More…

Intraday bias in EUR/GBP remains on the upside at this point. Rise fro 0.8221 is in progress for 0.8624 key cluster resistance zone. For now, outlook will remain bullish as long as 0.8403 support holds, in case of retreat.

In the bigger picture, a medium term bottom was formed at 0.8221, just ahead of 0.8201 key support (2022 low). But outlook will be neutral as best as long as 0.8624 cluster resistance (38.2% retracement of 0.9267 to 0.8221 at 0.8621) holds. That is, larger down trend from 0.9267 (2022 high) might still extend lower. However, decisive break of 0.8621/4 should confirm trend reversal and turn outlook bullish.

Daily Pivots: (S1) 0.8417; (P) 0.8436; (R1) 0.8458; More…

EUR/GBP’s rally from 0.8221 picks up momentum again. With break of 0.8446 resistance, next target is 0.8624 key cluster resistance zone. For now, outlook will remain bullish as long as 0.8403 support holds, in case of retreat.

In the bigger picture, a medium term bottom was formed at 0.8221, just ahead of 0.8201 key support (2022 low). But outlook will be neutral as best as long as 0.8624 cluster resistance (38.2% retracement of 0.9267 to 0.8221 at 0.8621) holds. That is, larger down trend from 0.9267 (2022 high) might still extend lower. However, decisive break of 0.8621/4 should confirm trend reversal and turn outlook bullish.

EUR/GBP’s rally from 0.8221 continued last week but failed to sustain above 0.8446 resistance and turned sideway. Initial bias remains neutral this week first. On the upside, decisive break of 0.8446 will target 0.8624 key cluster resistance zone. However, break of 0.8403 support will indicate short term topping after rejection by 0.8446. Intraday bias will be back on the downside for 55 D EMA (now at 0.8335).

In the bigger picture, considering bullish convergence condition in D MACD, decisive break of 0.8446 resistance and 55 W EMA (now at 0.8446) should confirm medium term bottoming at 0.8221, just ahead of 0.8201 key support (2022 low). Further rally should be seen towards 0.8624 key resistance, even as a correction to the down trend from 0.9267 (2022 high). Overall, however, medium term outlook will be neutral at best until decisive break of 0.8624 cluster zone (38.2% retracement of 0.9267 to 0.8221 at 0.8621). Risk will stay on the downside even in case of strong rebound.

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) 0.8404; (P) 0.8421; (R1) 0.8435; More…

Intraday bias in EUR/GBP remains neutral first with focus on 0.8446 resistance. Decisive break there will resume the rally from 0.8221 to 0.8624 cluster resistance zone. On the downside, however, break of 0.8403 minor support will indicate rejection by 0.8446, and turn bias back to the downside for 55 D EMA (now at 0.8332).

In the bigger picture, considering bullish convergence condition in D MACD, decisive break of 0.8446 resistance and 55 W EMA (now at 0.8446) should confirm medium term bottoming at 0.8221, just ahead of 0.8201 key support (2022 low). Further rally should be seen towards 0.8624 key resistance, even as a correction to the down trend from 0.9267 (2022 high). Overall, however, medium term outlook will be neutral at best until decisive break of 0.8624 cluster zone (38.2% retracement of 0.9267 to 0.8221 at 0.8621). Risk will stay on the downside even in case of strong rebound.

Daily Pivots: (S1) 0.8388; (P) 0.8420; (R1) 0.8436; More…

Intraday bias in EUR/GBP is turned neutral first with the current retreat and with 4H MACD crossed below signal line. Some consolidations would be seen, but further rally is expected as long as 55 4H EMA (now at 0.8374) holds. Firm break of 0.8446 resistance will target 0.8624 cluster resistance zone, even as a corrective move.

In the bigger picture, considering bullish convergence condition in D MACD, decisive break of 0.8446 resistance and 55 D EMA (now at 0.8446) should confirm medium term bottoming at 0.8221, just ahead of 0.8201 key support (2022 low). Further rally should be seen towards 0.8624 key resistance, even as a correction to the down trend from 0.9267 (2022 high). Overall, however, medium term outlook will be neutral at best until decisive break of 0.8624 cluster zone (38.2% retracement of 0.9267 to 0.8221 at 0.8621). Risk will stay on the downside even in case of strong rebound.

Daily Pivots: (S1) 0.8399; (P) 0.8425; (R1) 0.8465; More…

Intraday bias in EUR/GBP remains on the upside for the moment, with focus on 0.8446 resistance. Firm break there will target 0.8624 cluster resistance zone, even as a corrective move. On the downside, below 0.8384 minor support will turn intraday bias neutral first.

In the bigger picture, considering bullish convergence condition in D MACD, decisive break of 0.8446 resistance and 55 D EMA (now at 0.8446) should confirm medium term bottoming at 0.8221, just ahead of 0.8201 key support (2022 low). Further rally should be seen towards 0.8624 key resistance, even as a correction to the down trend from 0.9267 (2022 high). Overall, however, medium term outlook will be neutral at best until decisive break of 0.8624 cluster zone (38.2% retracement of 0.9267 to 0.8221 at 0.8621). Risk will stay on the downside even in case of strong rebound.