Daily Pivots: (S1) 0.8467; (P) 0.8490; (R1) 0.8507; More…

Intraday bias in EUR/GBP is turned neutral as rebound from 0.8401 lost momentum. On the upside, break of 0.8512 will resume the rebound to 0.8656 resistance. Rejection by 55 day EMA (now at 0.8506) will retain near term bearishness. Further break of 0.8401 low will resume larger down trend from 0.9499 to 0.8276 key long term support next.

In the bigger picture, price actions from 0.9499 (2020 high) are still seen as developing into a corrective pattern. Deeper fall could be seen as long as 0.8656 resistance holds, towards long term support at 0.8276. However, firm break of 0.8656 resistance would argue that a medium term bottom was already formed. Stronger rise would be seen to 0.8861 support turned resistance to confirm completion of the corrective pattern.

Daily Pivots: (S1) 0.8491; (P) 0.8503; (R1) 0.8516; More…

Intraday bias in EUR/GBP remains mildly on the upside as rebound from 0.8401 short term bottom is in progress. Sustained trading above 55 day EMA (now at 0.8508) will bring further rise to retest 0.8656 resistance. On the downside, break of 0.8401 will resume larger down trend from 0.9499 to 0.8276 key long term support next.

In the bigger picture, price actions from 0.9499 (2020 high) are still seen as developing into a corrective pattern. Deeper fall could be seen as long as 0.8656 resistance holds, towards long term support at 0.8276. However, firm break of 0.8656 resistance would argue that a medium term bottom was already formed. Stronger rise would be seen to 0.8861 support turned resistance to confirm completion of the corrective pattern.

Daily Pivots: (S1) 0.8459; (P) 0.8479; (R1) 0.8516; More…

Break of 0.8474 minor resistance suggests short term bottoming a 0.8401, on bullish divergence condition in 4 hour MACD. Intraday bias is back on the upside for 55 day EMA (now at 0.8509). Sustained break there will target a test on 0.8656 resistance. On the downside, break of 0.8401 will resume larger down trend from 0.9499 to 0.8276 key long term support next.

In the bigger picture, price actions from 0.9499 (2020 high) are still seen as developing into a corrective pattern. Deeper fall could be seen as long as 0.8656 resistance holds, towards long term support at 0.8276. However, firm break of 0.8656 resistance would argue that a medium term bottom was already formed. Stronger rise would be seen to 0.8861 support turned resistance to confirm completion of the corrective pattern.

Daily Pivots: (S1) 0.8427; (P) 0.8450; (R1) 0.8467; More…

Intraday bias in EUR/GBP remains neutral for consolidation from 0.8401. On the downside, break of 0.8401 will resume larger down trend from 0.9499 to 0.8276 key long term support next. On the upside, though, break of 0.8474 will bring stronger rebound back to 55 day EAM (now at 0.8509) instead.

In the bigger picture, price actions from 0.9499 (2020 high) are still seen as developing into a corrective pattern. Deeper fall could be seen as long as 0.8656 resistance holds, towards long term support at 0.8276. However, firm break of 0.8656 resistance would argue that a medium term bottom was already formed. Stronger rise would be seen to 0.8861 support turned resistance to confirm completion of the corrective pattern.

EUR/GBP edged lower to 0.8401 last week but recovered since then. Initial bias remains neutral this week first. On the downside, break of 0.8401 will resume larger down trend from 0.9499 to 0.8276 key long term support next. On the upside, though, break of 0.8474 will bring stronger rebound back to 55 day EAM (now at 0.8509) instead.

In the bigger picture, price actions from 0.9499 (2020 high) are still seen as developing into a corrective pattern. Deeper fall could be seen as long as 0.8656 resistance holds, towards long term support at 0.8276. However, firm break of 0.8656 resistance would argue that a medium term bottom was already formed. Stronger rise would be seen to 0.8861 support turned resistance to confirm completion of the corrective pattern.

In the long term picture, outlook will stay bullish as long as 0.8276 support holds. Break of 0.9499 is in favor at a later stage, to resume the up trend from 0.6935 (2015 low).

Daily Pivots: (S1) 0.8436; (P) 0.8456; (R1) 0.8489; More…

Intraday bias in EUR/GBP stays neutral first. Firm break of 0.8467 resistance will indicate short term bottoming. Intraday bias will be turned to the upside for rebound to 55 day EMA (now at 0.8510) and possibly above. On the downside, break of 0.8401 will resume larger down trend from 0.9499 towards 0.8276 key long term support next.

In the bigger picture, price actions from 0.9499 (2020 high) are still seen as developing into a corrective pattern. Deeper fall could be seen as long as 0.8656 resistance holds, towards long term support at 0.8276. However, firm break of 0.8656 resistance would argue that a medium term bottom was already formed. Stronger rise would be seen to 0.8861 support turned resistance to confirm completion of the corrective pattern.

Daily Pivots: (S1) 0.8407; (P) 0.8421; (R1) 0.8440; More…

Intraday bias in EUR/GBP is turned neutral with current recovery. But further fall is expected as long as 0.8467 resistance holds. Break of 0.8401 will resume larger down trend from 0.9499 towards 0.8276 key long term support next. On the upside, break of 0.8467 minor resistance will now indicate short term bottoming, and bring stronger rebound back to 55 day EMA (now at 0.8513).

In the bigger picture, price actions from 0.9499 (2020 high) are still seen as developing into a corrective pattern. Deeper fall could be seen as long as 0.8656 resistance holds, towards long term support at 0.8276. However, firm break of 0.8656 resistance would argue that a medium term bottom was already formed. Stronger rise would be seen to 0.8861 support turned resistance to confirm completion of the corrective pattern.

Daily Pivots: (S1) 0.8407; (P) 0.8421; (R1) 0.8440; More…

Further fall is expected in EUR/GBP as long as 0.8467 resistance holds. Current down trend from 0.9499 is in progress for 0.8276 key long term support next. On the upside, break of 0.8467 minor resistance will now indicate short term bottoming, and bring stronger rebound back to 55 day EMA (now at 0.8513).

In the bigger picture, price actions from 0.9499 (2020 high) are still seen as developing into a corrective pattern. Deeper fall could be seen as long as 0.8656 resistance holds, towards long term support at 0.8276. However, firm break of 0.8656 resistance would argue that a medium term bottom was already formed. Stronger rise would be seen to 0.8861 support turned resistance to confirm completion of the corrective pattern.

Daily Pivots: (S1) 0.8418; (P) 0.8443; (R1) 0.8458; More…

EUR/GBP’s declined resumed by breaking 0.8420 and intraday bias is back on the downside. The current down trend from 0.9499 is in progress for 0.8276 key long term support next. On the upside, break of 0.8467 minor resistance will now indicate short term bottoming,and bring stronger rebound back to 55 day EMA (now at 0.8516).

In the bigger picture, price actions from 0.9499 (2020 high) are still seen as developing into a corrective pattern. Deeper fall could be seen as long as 0.8656 resistance holds, towards long term support at 0.8276. However, firm break of 0.8656 resistance would argue that a medium term bottom was already formed. Stronger rise would be seen to 0.8861 support turned resistance to confirm completion of the corrective pattern.

Daily Pivots: (S1) 0.8433; (P) 0.8451; (R1) 0.8479; More…

Intraday bias in EUR/GBP remains neutral for consolidation above 0.8420 temporary low. On the downside, break of 0.8420 will resume the larger down trend from 0.9499 to 0.8276 key long term support next. On the upside, though, sustained break of 55 day EMA (now at 0.8520) will bring stronger rebound back to 0.8656 resistance.

In the bigger picture, price actions from 0.9499 (2020 high) are still seen as developing into a corrective pattern. Deeper fall could be seen as long as 0.8656 resistance holds, towards long term support at 0.8276. However, firm break of 0.8656 resistance would argue that a medium term bottom was already formed. Stronger rise would be seen to 0.8861 support turned resistance to confirm completion of the corrective pattern.

EUR/GBP stayed in range above 0.8420 last week and outlook is unchanged. Initial bias remains neutral this week first. On the downside, break of 0.8420 will resume the larger down trend from 0.9499 to 0.8276 key long term support next. On the upside, though, sustained break of 55 day EMA (now at 0.8523) will bring stronger rebound back to 0.8656 resistance.

In the bigger picture, price actions from 0.9499 (2020 high) are still seen as developing into a corrective pattern. Deeper fall could be seen as long as 0.8656 resistance holds, towards long term support at 0.8276. However, firm break of 0.8656 resistance would argue that a medium term bottom was already formed. Stronger rise would be seen to 0.8861 support turned resistance to confirm completion of the corrective pattern.

In the long term picture, outlook will stay bullish as long as 0.8276 support holds. Break of 0.9499 is in favor at a later stage, to resume the up trend from 0.6935 (2015 low).

Daily Pivots: (S1) 0.8417; (P) 0.8431; (R1) 0.8439; More…

Intraday bias in EUR/GBP remains neutral as consolidation from 0.8420 temporary low is extending. On the downside, break of 0.8420 will resume the larger down trend from 0.9499 to 0.8276 key long term support next. On the upside, though, sustained break of 55 day EMA (now at 0.8521) will bring stronger rebound back to 0.8656 resistance.

In the bigger picture, price actions from 0.9499 (2020 high) are still seen as developing into a corrective pattern. Deeper fall could be seen as long as 0.8656 resistance holds, towards long term support at 0.8276. However, firm break of 0.8656 resistance would argue that a medium term bottom was already formed. Stronger rise would be seen to 0.8861 support turned resistance to confirm completion of the corrective pattern.

Daily Pivots: (S1) 0.8414; (P) 0.8437; (R1) 0.8452; More…

EUR/GBP is staying in consolidation form 0.8420 temporary low and intraday bias remains neutral for the moment. On the downside, break of 0.8420 will resume the larger down trend from 0.9499 to 0.8276 key long term support next. On the upside, though, sustained break of 55 day EMA (now at 0.8529) will bring stronger rebound back to 0.8656 resistance.

In the bigger picture, price actions from 0.9499 (2020 high) are still seen as developing into a corrective pattern. Deeper fall could be seen as long as 0.8656 resistance holds, towards long term support at 0.8276. However, firm break of 0.8656 resistance would argue that a medium term bottom was already formed. Stronger rise would be seen to 0.8861 support turned resistance to confirm completion of the corrective pattern.

Daily Pivots: (S1) 0.8418; (P) 0.8440; (R1) 0.8458; More…

Intraday bias in EUR/GBP remains neutral as consolidation from 0.8420 temporary low is extending. On the downside, break of 0.8420 will resume the larger down trend from 0.9499 to 0.8276 key long term support next. On the upside, though, sustained break of 55 day EMA (now at 0.8529) will bring stronger rebound back to 0.8656 resistance.

In the bigger picture, price actions from 0.9499 (2020 high) are still seen as developing into a corrective pattern. Deeper fall could be seen as long as 0.8656 resistance holds, towards long term support at 0.8276. However, firm break of 0.8656 resistance would argue that a medium term bottom was already formed. Stronger rise would be seen to 0.8861 support turned resistance to confirm completion of the corrective pattern.

Daily Pivots: (S1) 0.8435; (P) 0.8449; (R1) 0.8474; More…

Intraday bias in EUR/GBP is turned neutral with current recovery, and some consolidations could be seen. But further fall is still expected. Break of 0.8420 temporary low will resume the larger down trend from 0.9499 to 0.8276 key long term support next. On the upside, though, sustained break of 55 day EMA (now at 0.8533) will bring stronger rebound back to 0.8656 resistance.

In the bigger picture, price actions from 0.9499 (2020 high) are still seen as developing into a corrective pattern. Deeper fall could be seen as long as 0.8656 resistance holds, towards long term support at 0.8276. However, firm break of 0.8656 resistance would argue that a medium term bottom was already formed. Stronger rise would be seen to 0.8861 support turned resistance to confirm completion of the corrective pattern.

Daily Pivots: (S1) 0.8413; (P) 0.8450; (R1) 0.8476; More…

Intraday bias in EUR/GBP stays on the downside at this point. Current fall from 0.8656 is part of the larger down trend from 0.9499. Deeper decline would be seen towards 0.8276 key long term support next. On the upside, above 0.8485 minor resistance will turn intraday bias neutral and bring consolidations first. But overall, outlook will remain bearish as long as 0.8656 resistance holds.

In the bigger picture, price actions from 0.9499 (2020 high) are still seen as developing into a corrective pattern. Deeper fall could be seen as long as 0.8656 resistance holds, towards long term support at 0.8276. However, firm break of 0.8656 resistance would argue that a medium term bottom was already formed. Stronger rise would be seen to 0.8861 support turned resistance to confirm completion of the corrective pattern.

EUR/GBP’s break of 0.8448 support last week indicates resumption of larger down trend from 0.9499. Initial bias stays on the downside this week. Current fall would target 0.8276 key long term support next. On the upside, above 0.8485 minor resistance will turn intraday bias neutral and bring consolidations first. But overall, outlook will remain bearish as long as 0.8656 resistance holds.

In the bigger picture, price actions from 0.9499 (2020 high) are still seen as developing into a corrective pattern. Deeper fall could be seen as long as 0.8656 resistance holds, towards long term support at 0.8276. However, firm break of 0.8656 resistance would argue that a medium term bottom was already formed. Stronger rise would be seen to 0.8861 support turned resistance to confirm completion of the corrective pattern.

In the long term picture, outlook will stay bullish as long as 0.8276 support holds. Break of 0.9499 is in favor at a later stage, to resume the up trend from 0.6935 (2015 low).

Daily Pivots: (S1) 0.8461; (P) 0.8476; (R1) 0.8498; More…

EUR/GBP’s break of 0.8448 low confirms resumption of whole down trend from 0.9499. Intraday bias stays on the downside, and deeper fall would be seen towards 0.8276 key long term support. For now, break of 0.8516 resistance is needed to indicate short term bottoming. Otherwise, outlook will remain bearish in case of recovery.

In the bigger picture, price actions from 0.9499 (2020 high) are still seen as developing into a corrective pattern. Deeper fall could be seen as long as 0.8668 resistance holds, towards long term support at 0.8276. However, firm break of 0.8668 resistance would argue that a medium term bottom was already formed. Stronger rise would be seen to 0.8861 support turned resistance to confirm completion of the corrective pattern.

Daily Pivots: (S1) 0.8461; (P) 0.8476; (R1) 0.8498; More…

Further fall is expected in EUR/GBP despite loss of downside momentum. Sustained break of 0.8448 low will resume larger down trend from 0.9499, towards 0.8276 key support. On the upside, break of 0.8516 resistance will indicate short term bottoming, and bring stronger rebound towards 55 day EMA (now at 0.8543).

In the bigger picture, price actions from 0.9499 (2020 high) are still seen as developing into a corrective pattern. Deeper fall could be seen as long as 0.8668 resistance holds, towards long term support at 0.8276. However, firm break of 0.8668 resistance would argue that a medium term bottom was already formed. Stronger rise would be seen to 0.8861 support turned resistance to confirm completion of the corrective pattern.

Daily Pivots: (S1) 0.8475; (P) 0.8487; (R1) 0.8500; More…

Intraday bias in EUR/GBP is back on the downside as fall from 0.8656 resumes through 0.8471 temporary low. Sustained break of 0.84448 low will resume larger down trend from 0.9499, towards 0.8276 key support. On the upside, break of 0.8516 resistance is needed to indicate short term bottoming. Otherwise, outlook will stay bearish in case of recovery.

In the bigger picture, price actions from 0.9499 (2020 high) are still seen as developing into a corrective pattern. Deeper fall could be seen as long as 0.8668 resistance holds, towards long term support at 0.8276. However, firm break of 0.8668 resistance would argue that a medium term bottom was already formed. Stronger rise would be seen to 0.8861 support turned resistance to confirm completion of the corrective pattern.