Daily Pivots: (S1) 0.8594; (P) 0.8620; (R1) 0.8641; More…

Focus is now on 0.8638 resistance with current recovery. Firm break there will be the first sign of short term bullish reversal. Intraday bias will be turned back to the upside for 55 day EMA (now at 0.8717). Sustained break there will affirm the case that whole corrective pattern from 0.9499 has completed. Nevertheless, break of 0.8532 support will resume such pattern to 0.8276 key support.

In the bigger picture, we’re seeing the price actions from 0.9499 as developing into a corrective pattern. That is, up trend from 0.6935 (2015 low) would resume at a later stage. This will remain the favored case as long as 0.8276 support holds. However, firm break of 0.8276 support will suggest that rise from 0.6935 has completed and turn outlook bearish.

Daily Pivots: (S1) 0.8551; (P) 0.8571; (R1) 0.8606; More…

Intraday bias in EUR/GBP stays neutral and outlook is unchanged. On the upside, above 0.8638 minor resistance will turn bias to the upside for 0.8729 resistance. Firm break there should indicate short term bullish reversal. On the downside, sustained break of 0.8537 will resume the whole pattern from 0.9499, towards 0.8276 key support.

In the bigger picture, we’re seeing the price actions from 0.9499 as developing into a corrective pattern. That is, up trend from 0.6935 (2015 low) would resume at a later stage. This will remain the favored case as long as 0.8276 support holds. However, firm break of 0.8276 support will suggest that rise from 0.6935 has completed and turn outlook bearish.

Daily Pivots: (S1) 0.8551; (P) 0.8571; (R1) 0.8606; More…

Intraday bias in EUR/GBP remains neutral at this point. On the upside, above 0.8638 minor resistance will turn bias to the upside for 0.8729 resistance. Firm break there should indicate short term bullish reversal. On the downside, sustained break of 0.8537 will resume the whole pattern from 0.9499, towards 0.8276 key support.

In the bigger picture, we’re seeing the price actions from 0.9499 as developing into a corrective pattern. That is, up trend from 0.6935 (2015 low) would resume at a later stage. This will remain the favored case as long as 0.8276 support holds. However, firm break of 0.8276 support will suggest that rise from 0.6935 has completed and turn outlook bearish.

EUR/GBP gyrated lower again last week but it still held above 0.8537 support. Initial bias remains neutral this week first. On the upside, above 0.8638 minor resistance will turn bias to the upside for 0.8729 resistance. Firm break there should indicate short term bullish reversal. On the downside, sustained break of 0.8537 will resume the whole pattern from 0.9499, towards 0.8276 key support.

In the bigger picture, we’re seeing the price actions from 0.9499 as developing into a corrective pattern. That is, up trend from 0.6935 (2015 low) would resume at a later stage. This will remain the favored case as long as 0.8276 support holds. However, firm break of 0.8276 support will suggest that rise from 0.6935 has completed and turn outlook bearish.

In the long term picture, rise from 0.6935 (2015 low) is still in progress. It could be resuming long term up trend from 0.5680 (2000 low). Break of 0.9799 (2008 high) is expected down the road, as long as 0.8276 support holds.

Daily Pivots: (S1) 0.8529; (P) 0.8557; (R1) 0.8582; More…

Intraday bias in EUR/GBP remains neutral for the moment. on the downside, decisive break of 0.8537 support will resume the decline from 0.9291. Such decline is seen as the third leg of the pattern from 0.9499, and should target 0.8276 key support in this case. On the upside, break of 0.8638 minor resistance will turn bias to the upside for 0.8729 resistance.

In the bigger picture, we’re seeing the price actions from 0.9499 as developing into a corrective pattern. That is, up trend from 0.6935 (2015 low) would resume at a later stage. This will remain the favored case as long as 0.8276 support holds. However, firm break of 0.8276 support will suggest that rise from 0.6935 has completed and turn outlook bearish.

Daily Pivots: (S1) 0.8544; (P) 0.8575; (R1) 0.8608; More…

EUR/GBP is staying in range trading and intraday bias remains neutral. On the upside, break of 0.8650 minor resistance will turn bias to the upside for 0.8729 resistance. Firm break there will reaffirm the case of short term bottoming, and bring stronger rebound for 0.8861 support turned resistance. On the downside, firm break of 0.8537 will resume the decline from 0.9291, and that from 0.9499, towards 0.8276 key support.

In the bigger picture, we’re seeing the price actions from 0.9499 as developing into a corrective pattern. That is, up trend from 0.6935 (2015 low) would resume at a later stage. This will remain the favored case as long as 0.8276 support holds. However, firm break of 0.8276 support will suggest that rise from 0.6935 has completed and turn outlook bearish.

Daily Pivots: (S1) 0.8537; (P) 0.8589; (R1) 0.8618; More…

Intraday bias in EUR/GBP remains neutral for the moment. On the upside, break of 0.8650 minor resistance will turn bias to the upside for 0.8729 resistance. Firm break there will reaffirm the case of short term bottoming, and bring stronger rebound for 0.8861 support turned resistance. On the downside, firm break of 0.8537 will resume the decline from 0.9291, and that from 0.9499, towards 0.8276 key support.

In the bigger picture, we’re seeing the price actions from 0.9499 as developing into a corrective pattern. That is, up trend from 0.6935 (2015 low) would resume at a later stage. This will remain the favored case as long as 0.8276 support holds. However, firm break of 0.8276 support will suggest that rise from 0.6935 has completed and turn outlook bearish.

Daily Pivots: (S1) 0.8559; (P) 0.8579; (R1) 0.8604; More…

EUR/GBP recovers ahead of 0.8537 low but upside momentum is weak so far. Intraday bias remains neutral first. On the upside, break of 0.8650 minor resistance will turn bias to the upside for 0.8729 resistance. Firm break there will reaffirm the case of short term bottoming, and bring stronger rebound for 0.8861 support turned resistance. On the downside, firm break of 0.8537 will resume the decline from 0.9291, and that from 0.9499, towards 0.8276 key support.

In the bigger picture, we’re seeing the price actions from 0.9499 as developing into a corrective pattern. That is, up trend from 0.6935 (2015 low) would resume at a later stage. This will remain the favored case as long as 0.8276 support holds. However, firm break of 0.8276 support will suggest that rise from 0.6935 has completed and turn outlook bearish.

Daily Pivots: (S1) 0.8561; (P) 0.8580; (R1) 0.8606; More…

Intraday bias in EUR/GBP stays neutral at this point. On the downside, firm break of 0.8537 will resume the decline from 0.9291, and that from 0.9499, towards 0.8276 key support. On the upside, break of 0.8729 resistance will turn bias to the upside for stronger rebound, towards 0.8861 support turned resistance.

In the bigger picture, we’re seeing the price actions from 0.9499 as developing into a corrective pattern. That is, up trend from 0.6935 (2015 low) would resume at a later stage. This will remain the favored case as long as 0.8276 support holds. However, firm break of 0.8276 support will suggest that rise from 0.6935 has completed and turn outlook bearish.+

EUR/GBP gyrated lower last week but is still holding above 0.8537 low. Initial bias stays neutral this week first. On the downside, firm break of 0.8537 will resume the decline from 0.9291, and that from 0.9499, towards 0.8276 key support. On the upside, break of 0.8729 resistance will turn bias to the upside for stronger rebound, towards 0.8861 support turned resistance.

In the bigger picture, we’re seeing the price actions from 0.9499 as developing into a corrective pattern. That is, up trend from 0.6935 (2015 low) would resume at a later stage. This will remain the favored case as long as 0.8276 support holds. However, firm break of 0.8276 support will suggest that rise from 0.6935 has completed and turn outlook bearish.

In the long term picture, rise from 0.6935 (2015 low) is still in progress. It could be resuming long term up trend from 0.5680 (2000 low). Break of 0.9799 (2008 high) is expected down the road, as long as 0.8276 support holds.

Daily Pivots: (S1) 0.8548; (P) 0.8565; (R1) 0.8582; More…

Intraday bias in EUR/GBP stays neutral for the moment. On the downside, firm break of 0.8537 will resume the decline from 0.9291, and that from 0.9499, towards 0.8276 key support. On the upside, break of 0.8279 will resume the rebound from 0.8537 and target 55 day EMA (now at 0.8759).

In the bigger picture, we’re seeing the price actions from 0.9499 as developing into a corrective pattern. That is, up trend from 0.6935 (2015 low) would resume at a later stage. This will remain the favored case as long as 0.8276 support holds. However, firm break of 0.8276 support will suggest that rise from 0.6935 has completed and turn outlook bearish.

Daily Pivots: (S1) 0.8547; (P) 0.8563; (R1) 0.8576; More…

Intraday bias in EUR/GBP remains neutral at his point. On the downside, firm break of 0.8537 will resume the decline from 0.9291, and that from 0.9499, towards 0.8276 key support. On the upside, break of 0.8279 will resume the rebound from 0.8537 and target 55 day EMA (now at 0.8766).

In the bigger picture, we’re seeing the price actions from 0.9499 as developing into a corrective pattern. That is, up trend from 0.6935 (2015 low) would resume at a later stage. This will remain the favored case as long as 0.8276 support holds. However, firm break of 0.8276 support will suggest that rise from 0.6935 has completed and turn outlook bearish.

Daily Pivots: (S1) 0.8550; (P) 0.8568; (R1) 0.8586; More…

Intraday bias in EUR/GBP remains neutral for the moment. On the upside, break of 0.8279 will resume the rebound from 0.8537 and target 55 day EMA (now at 0.8774). However, firm break of 0.8537 will resume the decline from 0.9291, and that from 0.9499, towards 0.8276 key support.

In the bigger picture, we’re seeing the price actions from 0.9499 as developing into a corrective pattern. That is, up trend from 0.6935 (2015 low) would resume at a later stage. This will remain the favored case as long as 0.8276 support holds. However, firm break of 0.8276 support will suggest that rise from 0.6935 has completed and turn outlook bearish.

Daily Pivots: (S1) 0.8550; (P) 0.8588; (R1) 0.8609; More…

EUR/GBP is staying in range of 0.8537/8729 and intraday bias remains neutral first. On the upside, break of 0.8279 will resume the rebound from 0.8537 and target 55 day EMA (now at 0.8790). However, firm break of 0.8537 will resume the decline towards 0.8276 key support.

In the bigger picture, we’re seeing the price actions from 0.9499 as developing into a corrective pattern. That is, up trend from 0.6935 (2015 low) would resume at a later stage. This will remain the favored case as long as 0.8276 support holds. However, firm break of 0.8276 support will suggest that rise from 0.6935 has completed and turn outlook bearish.

Daily Pivots: (S1) 0.8593; (P) 0.8623; (R1) 0.8642; More…

Intraday bias in EUR/GBP remains neutral at this point and some more consolidations could be seen. On the upside, break of 0.8279 will resume the rebound from 0.8537 and target 55 day EMA (now at 0.8791). However, firm break of 0.8537 will resume the decline towards 0.8276 key support.

In the bigger picture, we’re seeing the price actions from 0.9499 as developing into a corrective pattern. That is, up trend from 0.6935 (2015 low) would resume at a later stage. This will remain the favored case as long as 0.8276 support holds. However, firm break of 0.8276 support will suggest that rise from 0.6935 has completed and turn outlook bearish.

EUR/GBP stayed in range of 0.8537/8729 last week and outlook is unchanged. Initial bias remains neutral this week first. On the upside, break of 0.8279 will resume the rebound from 0.8537 and target 55 day EMA (now at 0.8798). However, firm break of 0.8537 will resume the decline towards 0.8276 key support.

In the bigger picture, we’re seeing the price actions from 0.9499 as developing into a corrective pattern. That is, up trend from 0.6935 (2015 low) would resume at a later stage. This will remain the favored case as long as 0.8276 support holds. However, firm break of 0.8276 support will suggest that rise from 0.6935 has completed and turn outlook bearish.

In the long term picture, rise from 0.6935 (2015 low) is still in progress. It could be resuming long term up trend from 0.5680 (2000 low). Break of 0.9799 (2008 high) is expected down the road, as long as 0.8276 support holds.

Daily Pivots: (S1) 0.8591; (P) 0.8623; (R1) 0.8649; More…

Intraday bias in EUR/GBP remains neutral first, and risk stays on the upside as long as 0.8537 support holds. Break of 0.8729 will resume the rebound to 55 day EMA (now at 0.8798). Sustained break there will argue that fall from 0.9291, as the third leg of the pattern from 0.9499, has completed. However, firm break of 0.8537 will resume the decline towards 0.8276 key support.

In the bigger picture, we’re seeing the price actions from 0.9499 as developing into a corrective pattern. That is, up trend from 0.6935 (2015 low) would resume at a later stage. This will remain the favored case as long as 0.8276 support holds. However, firm break of 0.8276 support will suggest that rise from 0.6935 has completed and turn outlook bearish.

Daily Pivots: (S1) 0.8623; (P) 0.8646; (R1) 0.8669; More…

Outlook in EUR/GBP remains unchanged and intraday bias stays neutral first. Risk remains on the upside as long as 0.8537 support holds. Break of 0.8729 will resume the rebound to 55 day EMA (now at 0.8806). Sustained break there will argue that fall from 0.9291, as the third leg of the pattern from 0.9499, has completed. However, firm break of 0.8537 will resume the decline towards 0.8276 key support.

In the bigger picture, we’re seeing the price actions from 0.9499 as developing into a corrective pattern. That is, up trend from 0.6935 (2015 low) would resume at a later stage. This will remain the favored case as long as 0.8276 support holds. However, firm break of 0.8276 support will suggest that rise from 0.6935 has completed and turn outlook bearish.

Daily Pivots: (S1) 0.8642; (P) 0.8655; (R1) 0.8672; More…

Intraday bias in EUR/GBP stays neutral at this point. Also, risk remains on the upside as long as 0.8537 support holds. Break of 0.8729 will resume the rebound to 55 day EMA (now at 0.8818). Sustained break there will argue that fall from 0.9291, as the third leg of the pattern from 0.9499, has completed. However, firm break of 0.8537 will resume the decline towards 0.8276 key support.

In the bigger picture, we’re seeing the price actions from 0.9499 as developing into a corrective pattern. That is, up trend from 0.6935 (2015 low) would resume at a later stage. This will remain the favored case as long as 0.8276 support holds. However, firm break of 0.8276 support will suggest that rise from 0.6935 has completed and turn outlook bearish.

Daily Pivots: (S1) 0.8624; (P) 0.8647; (R1) 0.8673; More…

Intraday bias in EUR/GBP remains neutral for the moment. Risk stays on the upside as long as 0.8537 support holds. Break of 0.8729 will resume the rebound to 55 day EMA (now at 0.8818). Sustained break there will argue that fall from 0.9291, as the third leg of the pattern from 0.9499, has completed. However, firm break of 0.8537 will resume the decline towards 0.8276 key support.

In the bigger picture, we’re seeing the price actions from 0.9499 as developing into a corrective pattern. That is, up trend from 0.6935 (2015 low) would resume at a later stage. This will remain the favored case as long as 0.8276 support holds. However, firm break of 0.8276 support will suggest that rise from 0.6935 has completed and turn outlook bearish.