Daily Pivots: (S1) 0.8316; (P) 0.8349; (R1) 0.8398; More…

Intraday bias in EUR/GBP stays on the upside for the moment. Rise from 0.8239 is seen as the third leg of the pattern from 0.82210. Sustained break of 1.8% retracement of 0.8472 to 0.8239 at 0.8383 will target 0.8472 resistance next. On the downside, below 0.8345 minor support will turn intraday bias neutral 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 0.8511).

Daily Pivots: (S1) 0.8268; (P) 0.8287; (R1) 0.8323; More…

Current upside acceleration affirms the case that corrective fall from 0.8472 has completed at 0.8239 already. Intraday bias in EUR/GBP remains on the upside for 61.8% retracement of 0.8472 to 0.8239 at 0.8383. Sustained break there will target 0.8472 resistance next. On the downside, below 0.8321 minor support will turn intraday bias neutral 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, at least until decisive break of channel resistance (now at 0.8511).

Daily Pivots: (S1) 0.8268; (P) 0.8287; (R1) 0.8323; More…

A short term bottom is in place in EUR/GBP with break of 0.8239 resistance. Intraday bias is back on the upside for 38.2% retracement of 0.8472 to 0.8239 at 0.8328. Sustained break there will argue that whole fall from 0.8472 has completed and target 61.8% retracement at 0.8383. However, rejection by 0.8328 will bring another decline through 0.8239 support.

In the bigger picture, the medium term down trend remains intact with EUR/GBP staying well inside the falling channel. Prior rejection by 55 W EMA (now at 0.8414) also affirm bearishness. Decisive break of 0.8201/8221 support zone will resume whole down trend from 0.9449 (2020 high) and carry larger bearish implications.

Daily Pivots: (S1) 0.8248; (P) 0.8258; (R1) 0.8268; More…

No change in EUR/GBP’s outlook and further decline is expected with 0.8304 resistance intact. Fall from 0.8472 would target a test on 0.8201/21 key support zone. Decisive break there will carry larger bearish implications. Nevertheless, firm break of 0.8304 will indicate short term bottoming, and turn bias back to the upside for stronger rebound.

In the bigger picture, the medium term down trend remains intact with EUR/GBP staying well inside the falling channel. Prior rejection by 55 W EMA (now at 0.8414) also affirm bearishness. Decisive break of 0.8201/8221 support zone will resume whole down trend from 0.9449 (2020 high) and carry larger bearish implications.

Daily Pivots: (S1) 0.8238; (P) 0.8256; (R1) 0.8271; More…

Further decline is expected in EUR/GBP as long as 0.8304 resistance holds. Fall from 0.8472 would target a test on 0.8201/21 key support zone. Decisive break there will carry larger bearish implications. Nevertheless, firm break of 0.8304 will indicate short term bottoming, and turn bias back to the upside for stronger rebound.

In the bigger picture, the medium term down trend remains intact with EUR/GBP staying well inside the falling channel. Prior rejection by 55 W EMA (now at 0.8414) also affirm bearishness. Decisive break of 0.8201/8221 support zone will resume whole down trend from 0.9449 (2020 high) and carry larger bearish implications.

EUR/GBP’s fall from 0.8472 continued last week after brief consolidations. Initial bias stays on the downside this week for retesting 0.8201/21 key support zone. Decisive break there will carry larger bearish implications. For now, risk will stay on the downside as long as 0.8304 resistance holds, in case of recovery.

In the bigger picture, the medium term down trend remains intact with EUR/GBP staying well inside the falling channel. Prior rejection by 55 W EMA (now at 0.8419) also affirm bearishness. Decisive break of 0.8201/8221 support zone will resume whole down trend from 0.9449 (2020 high) and carry larger bearish implications.

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) 0.8238; (P) 0.8256; (R1) 0.8271; More…

Intraday bias in EUR/GBP remains on the downside as fall from 0.8472 is in progress for retesting 0.8201/21 key support level. Firm break there will carry larger bearish implications. For now, risk will stay on the downside as long as 0.8304 resistance holds, in case of recovery.

In the bigger picture, the medium term down trend remains intact with EUR/GBP staying well inside the falling channel. Prior rejection by 55 W EMA (now at 0.8431) also affirm bearishness. Decisive break of 0.8201/8221 support zone will resume whole down trend from 0.9449 (2020 high) and carry larger bearish implications.

Daily Pivots: (S1) 0.8256; (P) 0.8280; (R1) 0.8295; More…

EUR/GBP’s fall from 0.8472 resumed by breaking through 0.8264 temporary low. Intraday bias is now back on the downside for retesting 0.8201/21 key support level. Firm break there will carry larger bearish implications. For now, risk will stay on the downside as long as 0.8304 resistance holds, in case of recovery.

In the bigger picture, the medium term down trend remains intact with EUR/GBP staying well inside the falling channel. Prior rejection by 55 W EMA (now at 0.8431) also affirm bearishness. Decisive break of 0.8201/8221 support zone will resume whole down trend from 0.9449 (2020 high) and carry larger bearish implications.

Daily Pivots: (S1) 0.8256; (P) 0.8280; (R1) 0.8295; More…

Intraday bias in EUR/GBP remains neutral and further decline is expected with 0.8308 resistance intact. Below 0.8264 will resume the fall from 0.8472 to retest 0.8221 low. Nevertheless, firm break of 0.8308 minor resistance will turn bias back to the upside for stronger rebound to 0.8376 resistance instead.

In the bigger picture, the medium term down trend remains intact with EUR/GBP staying well inside the falling channel. Prior rejection by 55 W EMA (now at 0.8431) also affirm bearishness. Decisive break of 0.8201/8221 support zone will resume whole down trend from 0.9449 (2020 high) and carry larger bearish implications.

Daily Pivots: (S1) 0.8288; (P) 0.8296; (R1) 0.8309; More…

No change in EUR/GBP’s outlook and intraday bias stays neutral at this point. Another fall is expected as long as 0.8308 minor resistance holds. Below 0.8264 will resume the whole decline from 0.8472 to retest 0.8221 low. Nevertheless, firm break of 0.8308 minor resistance will turn bias back to the upside for stronger rebound to 0.8376 resistance instead.

In the bigger picture, the medium term down trend remains intact with EUR/GBP staying well inside the falling channel. Prior rejection by 55 W EMA (now at 0.8431) also affirm bearishness. Decisive break of 0.8201/8221 support zone will resume whole down trend from 0.9449 (2020 high) and carry larger bearish implications.

Daily Pivots: (S1) 0.8277; (P) 0.8290; (R1) 0.8303; More…

Intraday bias in EUR/GBP remains neutral first. Another fall is expected as long as 0.8308 minor resistance holds. Below 0.8264 will resume the whole decline from 0.8472 to retest 0.8221 low. Nevertheless, firm break of 0.8308 minor resistance will turn bias back to the upside for stronger rebound to 0.8376 resistance instead.

In the bigger picture, the medium term down trend remains intact with EUR/GBP staying well inside the falling channel. Prior rejection by 55 W EMA (now at 0.8431) also affirm bearishness. Decisive break of 0.8201/8221 support zone will resume whole down trend from 0.9449 (2020 high) and carry larger bearish implications.

Daily Pivots: (S1) 0.8266; (P) 0.8279; (R1) 0.8293; More…

Intraday bias in EUR/GBP is turned neutral first with current recovery. Another fall is expected as long as 0.8308 minor resistance holds. Below 0.8264 will resume the whole decline from 0.8472 to retest 0.8221 low. Nevertheless, firm break of 0.8308 minor resistance will turn bias back to the upside for stronger rebound to 0.8376 resistance instead.

In the bigger picture, the medium term down trend remains intact with EUR/GBP staying well inside the falling channel. Prior rejection by 55 W EMA (now at 0.8431) also affirm bearishness. Decisive break of 0.8201/8221 support zone will resume whole down trend from 0.9449 (2020 high) and carry larger bearish implications.

EUR/GBP’s decline from 0.8472 resumed by breaking through 0.8290 support last week. Initial bias stays on the downside this week despite weak momentum. Further fall should be seen to retest 0.8221 low. Nevertheless, firm break of 0.8308 minor resistance will turn bias back to the upside for stronger rebound to 0.8376 resistance instead.

In the bigger picture, the medium term down trend remains intact with EUR/GBP staying well inside the falling channel. Prior rejection by 55 W EMA (now at 0.8431) also affirm bearishness. Decisive break of 0.8201/8221 support zone will resume whole down trend from 0.9449 (2020 high) and carry larger bearish implications.

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) 0.8275; (P) 0.8283; (R1) 0.8298; More…

Further decline is expected in EUR/GBP as long as 0.8308 minor resistance holds. Fall from 0.8472 is in progress and should target a retest on 0.8221 low. Nevertheless, firm break of 0.8308 will turn bias back to the upside for stronger rebound to 0.8376 resistance instead.

In the bigger picture, rebound from 0.8221 medium term bottom could extend higher through 55 W EMA (now at 0.8435). However, medium term outlook will be neutral at best as long as 0.8624 cluster resistance zone (38.2% retracement of 0.9267 to 0.8221 at 0.8621) holds. Another decline through 0.8221 would remain mildly in favor. Firm break of 0.8221 will resume whole down trend from 0.9267 (2022 high) and carry larger bearish implications.

Daily Pivots: (S1) 0.8271; (P) 0.8291; (R1) 0.8300; More…

Intraday bias in EUR/GBP stays on the downside for the moment. Fall from 0.8472 is in progress for retesting 0.8221 low. On the upside, above 0.8308 minor resistance will turn intraday bias neutral first. But risk will remain on the downside as long as 0.8376 resistance holds, in case of recovery.

In the bigger picture, rebound from 0.8221 medium term bottom could extend higher through 55 W EMA (now at 0.8435). However, medium term outlook will be neutral at best as long as 0.8624 cluster resistance zone (38.2% retracement of 0.9267 to 0.8221 at 0.8621) holds. Another decline through 0.8221 would remain mildly in favor. Firm break of 0.8221 will resume whole down trend from 0.9267 (2022 high) and carry larger bearish implications.

Daily Pivots: (S1) 0.8271; (P) 0.8291; (R1) 0.8300; More…

EUR/GBP’s fall from 0.8472 resumed by breaking through 0.8290 support. Intraday bias is back on the downside for retesting 0.8221 low. For now, risk will remain on the downside as long as 0.8376 resistance holds, in case of recovery.

In the bigger picture, rebound from 0.8221 medium term bottom could extend higher through 55 W EMA (now at 0.8435). However, medium term outlook will be neutral at best as long as 0.8624 cluster resistance zone (38.2% retracement of 0.9267 to 0.8221 at 0.8621) holds. Another decline through 0.8221 would remain mildly in favor. Firm break of 0.8221 will resume whole down trend from 0.9267 (2022 high) and carry larger bearish implications.

Daily Pivots: (S1) 0.8288; (P) 0.8313; (R1) 0.8330; More…

Intraday bias in EUR/GBP stays neutral for the moment. Near term outlook is mixed. On the downside, break of 0.8290 will resume the fall from 08472 to retest 0.8221 low. On the upside, above 0.8376 minor resistance will bring stronger rally towards 0.8472.

In the bigger picture, rebound from 0.8221 medium term bottom could extend higher through 55 W EMA (now at 0.8435). However, medium term outlook will be neutral at best as long as 0.8624 cluster resistance zone (38.2% retracement of 0.9267 to 0.8221 at 0.8621) holds. Another decline through 0.8221 would remain mildly in favor.

Daily Pivots: (S1) 0.8315; (P) 0.8336; (R1) 0.8357; More…

Intraday bias in EUR/GBP remains neutral and near term outlook is mixed. On the upside, above 0.8376 minor resistance will bring stronger rally towards 0.8472. However, on the downside, break of 0.8290 will resume the fall from 08472 to retest 0.8221 low.

In the bigger picture, rebound from 0.8221 medium term bottom could extend higher through 55 W EMA (now at 0.8435). However, medium term outlook will be neutral at best as long as 0.8624 cluster resistance zone (38.2% retracement of 0.9267 to 0.8221 at 0.8621) holds. Another decline through 0.8221 would remain mildly in favor.

Range trading continued in EUR/GBP last week and near term outlook remains mixed. Initial bias stays neutral this week first. On the upside, above 0.8376 minor resistance will bring stronger rally towards 0.8472. However, on the downside, break of 0.8290 will resume the fall from 08472 to retest 0.8221 low.

In the bigger picture, rebound from 0.8221 medium term bottom could extend higher through 55 W EMA (now at 0.8435). However, medium term outlook will be neutral at best as long as 0.8624 cluster resistance zone (38.2% retracement of 0.9267 to 0.8221 at 0.8621) holds. Another decline through 0.8221 would remain mildly in favor.

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) 0.8306; (P) 0.8336; (R1) 0.8358; More…

Intraday bias in EUR/GBP remains neutral and near term outlook stays mixed. On the upside, above 0.8376 minor resistance will bring stronger rally towards 0.8472. However, on the downside, break of 0.8290 will resume the fall from 08472 to retest 0.8221 low.

In the bigger picture, rebound from 0.8221 medium term bottom could extend higher through 55 W EMA (now at 0.8435). However, medium term outlook will be neutral at best as long as 0.8624 cluster resistance zone (38.2% retracement of 0.9267 to 0.8221 at 0.8621) holds. Another decline through 0.8221 would remain mildly in favor.