Daily Pivots: (S1) 0.8731; (P) 0.8761; (R1) 0.8778; More…

EUR/GBP’s break of 0.8737 indicates fall resumption. Current decline from 0.9291 is seen as the third leg of the pattern from 0.9499. Intraday bias is now on the downside for 0.8670 support. Break will target 161.8% projection of 0.9291 to 0.8861 from 0.9229 at 0.8533. Near term outlook will remain bearish as long as 0.8790 resistance holds, in case of recovery.

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. Decisive break of 0.9499 will target 0.9799 (2008 high).

EUR/GBP stayed in consolidation above 0.8737 last week and outlook is unchanged. Initial bias remains neutral this week first. But outlook will remain bearish as long as 0.8838 minor resistance holds. Break of 0.8737 will target 0.8670 support. Break there will target 161.8% projection of 0.9291 to 0.8861 from 0.9229 at 0.8533.

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. Decisive break of 0.9499 will target 0.9799 (2008 high).

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) 0.8761; (P) 0.8774; (R1) 0.8796; More…

Intraday bias in EUR/GBP remains neural and further decline is expected with 0.8838 resistance intact. Break of 0.8737 temporary low will target 0.8670 support first. It’s now in the third leg of the corrective pattern from 0.9499. Break of 0.8670 support would target 161.8% projection of 0.9291 to 0.8861 from 0.9229 at 0.8533. On the upside, though, break of 0.8838 will indicate short term bottoming and turn bias to the upside for stronger rebound.

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. Decisive break of 0.9499 will target 0.9799 (2008 high).

Daily Pivots: (S1) 0.8747; (P) 0.8764; (R1) 0.8775; More…

Further decline is expected in EUR/GBP with 0.8838 resistance intact. Break of 0.8737 temporary low will target 0.8670 support first. It’s now in the third leg of the corrective pattern from 0.9499. Break of 0.8670 support would target 161.8% projection of 0.9291 to 0.8861 from 0.9229 at 0.8533. On the upside, though,k break of 0.8838 will indicate short term bottoming and turn bias to the upside for stronger rebound.

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. Decisive break of 0.9499 will target 0.9799 (2008 high).

Daily Pivots: (S1) 0.8756; (P) 0.8777; (R1) 0.8791; More…

No change in EUR/GBP’s outlook as further decline is still expected with 0.8838 minor resistance. It’s now in the third leg of the corrective pattern from 0.9499. Break of 0.8670 support would target 161.8% projection of 0.9291 to 0.8861 from 0.9229 at 0.8533. On the upside, break of 0.8838 minor resistance will turn intraday bias to the upside for rebound first.

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. Decisive break of 0.9499 will target 0.9799 (2008 high).

Daily Pivots: (S1) 0.8756; (P) 0.8774; (R1) 0.8787; More…

With 0.8838 minor resistance intact, further decline is expected in EUR/GBP for 0.8670 support. It’s now in the third leg of the corrective pattern from 0.9499 and would target 161.8% projection of 0.9291 to 0.8861 from 0.9229 at 0.8533. On the upside, break of 0.8838 minor resistance will turn intraday bias to the upside for rebound first.

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. Decisive break of 0.9499 will target 0.9799 (2008 high).

Daily Pivots: (S1) 0.8747; (P) 0.8763; (R1) 0.8786; More…

Intraday bias in EUR/GBP stays on the downside for the moment. It’s now in the third leg in the corrective pattern from 0.9499. Further decline is expected and break of 0.8670 support will target 161.8% projection of 0.9291 to 0.8861 from 0.9229 at 0.8533. On the upside, break of 0.8838 minor resistance will turn intraday bias neutral and bring consolidations first, before staging another decline.

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. Decisive break of 0.9499 will target 0.9799 (2008 high).

EUR/GBP is seen as in the third leg in the corrective pattern from 0.9499. Further decline is expected this week as long as 0.8838 minor resistance holds. Break of 0.8670 support will target 161.8% projection of 0.9291 to 0.8861 from 0.9229 at 0.8533. On the upside, break of 0.8838 minor resistance will turn intraday bias neutral and bring consolidations first, before staging another decline.

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. Decisive break of 0.9499 will target 0.9799 (2008 high).

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) 0.8719; (P) 0.8780; (R1) 0.8810; More…

Intraday bias in EUR/GBP stays on the downside at this point. Price actions from 0.9291 are seen as the third leg of the corrective pattern from 0.9499. Deeper fall would be seen to 0.8670 support first. Break will target 161.8% projection of 0.9291 to 0.8861 from 0.9229 at 0.8533. On the upside, break of 0.8838 minor resistance will turn intraday bias neutral and bring consolidations first, before staging another decline.

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. Decisive break of 0.9499 will target 0.9799 (2008 high).

Daily Pivots: (S1) 0.8805; (P) 0.8815; (R1) 0.8833; More…

EUR/GBP’s decline resumes today and accelerates to as low as 0.8751 so far. Price actions from 0.9291 are seen as the third leg of the corrective pattern from 0.9499. Intraday bias is now on the downside for 0.8670 support first. Break will target 161.8% projection of 0.9291 to 0.8861 from 0.9229 at 0.8533. On the upside, break of 0.8838 minor resistance will turn intraday bias neutral and bring consolidations first, before staging another decline.

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. Decisive break of 0.9499 will target 0.9799 (2008 high).

Daily Pivots: (S1) 0.8805; (P) 0.8815; (R1) 0.8833; More…

Outlook in EUR/GBP remains unchanged and intraday bias stays neutral first. On the downside, firm break of 100% projection of 0.9291 to 0.8861 from 0.9229 at 0.8799 will indicate downside acceleration for 0.8670 support, as part of the corrective pattern from 0.9499. However, break of 0.8917 will indicate short term bottoming, and turn bias to the upside for stronger rebound.

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. Decisive break of 0.9499 will target 0.9799 (2008 high).

Daily Pivots: (S1) 0.8794; (P) 0.8815; (R1) 0.8835; More…

Intraday bias in EUR/GBP remains neutral and outlook is unchanged. On the downside, firm break of 100% projection of 0.9291 to 0.8861 from 0.9229 at 0.8799 will indicate downside acceleration for 0.8670 support, as part of the corrective pattern from 0.9499. However, break of 0.8917 will indicate short term bottoming, and turn bias to the upside for stronger rebound.

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. Decisive break of 0.9499 will target 0.9799 (2008 high).

Daily Pivots: (S1) 0.8803; (P) 0.8829; (R1) 0.8852; More…

Intraday bias in EUR/GBP stays neutral first. On the downside, firm break of 100% projection of 0.9291 to 0.8861 from 0.9229 at 0.8799 will indicate downside acceleration for 0.8670 support, as part of the corrective pattern from 0.9499. However, break of 0.8917 will indicate short term bottoming, and turn bias to the upside for stronger rebound.

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. Decisive break of 0.9499 will target 0.9799 (2008 high).

Daily Pivots: (S1) 0.8833; (P) 0.8852; (R1) 0.8878; More…

Intraday bias in EUR/GBP remains neutral first and further decline is expected with 0.8917 resistance intact. Firm break of 100% projection of 0.9291 to 0.8861 from 0.9229 at 0.8799 will indicate downside acceleration for 0.8670 support, as part of the corrective pattern from 0.9499. However, break of 0.8917 will indicate short term bottoming, and turn bias to the upside for stronger rebound.

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. Decisive break of 0.9499 will target 0.9799 (2008 high).

EUR/GBP’s decline resumed last week and reached 0.8811, but recovered since then. Further fall is expected as long as 0.8917 resistance holds. Firm break of 100% projection of 0.9291 to 0.8861 from 0.9229 at 0.8799 will indicate downside acceleration for 0.8670 support, as part of the corrective pattern from 0.9499. However, break of 0.8917 will indicate short term bottoming, and turn bias to the upside for stronger rebound.

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. Decisive break of 0.9499 will target 0.9799 (2008 high).

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) 0.8812; (P) 0.8848; (R1) 0.8869; More…

With 0.8917 resistance intact, deeper decline is expected in EUR/GBP for 100% projection of 0.9291 to 0.8861 from 0.9229 at 0.8799. Firm break there will indicate downside acceleration for 0.8670 support, as part of the corrective pattern from 0.9499. In any case, outlook will remain bearish as long as 0.8917 resistance holds, in case of recovery.

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. Decisive break of 0.9499 will target 0.9799 (2008 high).

Daily Pivots: (S1) 0.8820; (P) 0.8839; (R1) 0.8865; More…

EUR/GBP’s break of 0.8828 indicates that fall from 0.9229 has resumed. Intraday bias is back on the downside. Immediate focus is now on 100% projection of 0.9291 to 0.8861 from 0.9229 at 0.8799. Firm break there will indicate downside acceleration for 0.8670 support, as part of the corrective pattern from 0.9499. In any case, outlook will remain bearish as long as 0.8917 resistance holds, in case of recovery.

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. Decisive break of 0.9499 will target 0.9799 (2008 high).

Daily Pivots: (S1) 0.8832; (P) 0.8869; (R1) 0.8890; More…

Intraday bias in EUR/GBP remains neutral at this point. Further fall will remain mildly in favor as long as 0.8923 minor resistance holds. On the downside, firm break of 0.8828, and sustained trading below 0.8861 will target 0.8670 support, as the third leg of pattern from 0.9499. On the upside, though, break of 0.8923 resistance will confirm defense of 0.8861. Intraday bias will be turned back to the upside for 55 day EMA (now at 0.8798) and above.

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. Decisive break of 0.9499 will target 0.9799 (2008 high).

Daily Pivots: (S1) 0.8866; (P) 0.8881; (R1) 0.8894; More…

EUR/GBP is staying in range of 0.8828/8923 and intraday bias remains neutral at this point. On the downside, firm break of 0.8828, and sustained trading below 0.8861 will target 0.8670 support, as the third leg of pattern from 0.9499. On the upside, though, break of 0.8923 resistance will confirm defense of 0.8861. Intraday bias will be turned back to the upside for 55 day EMA (now at 0.879) and above.

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. Decisive break of 0.9499 will target 0.9799 (2008 high).

Daily Pivots: (S1) 0.8863; (P) 0.8890; (R1) 0.8923; More…

Intraday bias in EUR/GBP remains neutral for the moment. On the downside, firm break of 0.8828, and sustained trading below 0.8861 will target 0.8670 support, as the third leg of pattern from 0.9499. On the upside, though, break of 0.8923 resistance will confirm defense of 0.8861. Intraday bias will be turned back to the upside for 55 day EMA (now at 0.8983) first.

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. Decisive break of 0.9499 will target 0.9799 (2008 high).