Daily Pivots: (S1) 0.8943; (P) 0.8976; (R1) 0.9022; More…

EUR/GBP’s strong break of 0.9004 resistance suggests that pull back from 0.9291 has completed at 0.8861. Choppy rebound from 0.8670 is possibly resuming. Intraday bias is back on the upside for 0.9291 resistance first. Break will target 0.9499 high. On the downside, below 0.9004 resistance turned support will turn intraday bias neutral again first.

In the bigger picture, at this point, 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) 0.8943; (P) 0.8976; (R1) 0.9022; More…

Intraday bias in EUR/GBP remains neutral at this point as it’s still bounded in range of 0.8866/9004.On the upside, break of 0.9004 resistance will suggest that pull back from 0.9291 has completed. Also, with 0.8866 support intact, rise from 0.8276 isn’t over. Intraday bias will be turned back to the upside for 0.9291 resistance in this case. On the downside, however, sustained break of 0.8866 will extend the pattern from 0.9499 with another falling leg to 0.8670 and possibly below.

In the bigger picture, at this point, 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) 0.8930; (P) 0.8966; (R1) 0.8985; More…

EUR/GBP is staying in range of 0.8866/9004 and intraday bias remains neutral. On the upside, break of 0.9004 resistance will suggest that pull back from 0.9291 has completed. Also, with 0.8866 support intact, rise from 0.8276 isn’t over. Intraday bias will be turned back to the upside for 0.9291 resistance in this case. On the downside, however, sustained break of 0.8866 will extend the pattern from 0.9499 with another falling leg to 0.8670 and possibly below.

In the bigger picture, at this point, 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) 0.8934; (P) 0.8966; (R1) 0.9018; More…

Intraday bias in EUR/GBP remains neutral at this point. On the upside, break of 0.9004 resistance suggest that pull back from 0.9291 has completed. Also, with 0.8866 support intact, rise from 0.8276 isn’t over. Intraday bias will be turned back to the upside for 0.9291 resistance in this case. On the downside, however, sustained break of 0.8866 will extend the pattern from 0.9499 with another falling leg to 0.8670 and possibly below.

In the bigger picture, at this point, 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 was supported by 0.8866 structural support again last week and rebounded. Though, upside is limited below 0.9004 resistance so far. Initial bias stays neutral this week first. On the upside, firm break of 0.9004 and the falling channel resistance will firstly indicate short term bottoming. Secondly, pull back from 0.9291 should have completed. Thirdly, with 0.8866 support intact, rise from 0.8276 isn’t over. Intraday bias will be turned back to the upside for 0.9291 resistance in this case. On the downside, however, sustained break of 0.8866 will extend the pattern from 0.9499 with another falling leg to 0.8670 and possibly below.

In the bigger picture, at this point, 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) 0.8901; (P) 0.8918; (R1) 0.8936; More…

Intraday bias in EUR/GBP remains neutral for the moment. With 0.9004 resistance intact, further decline is expected. On the downside, sustained break of 0.8866 key support will indicate that rebound from 0.8670 has completed at 0.9291. Deeper fall should be seen to 0.8670, to extend the pattern from 0.9499. On the upside, however, firm break of 0.9004 resistance will turn bias back to the upside for 0.9291 resistance.

In the bigger picture, at this point, 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) 0.8881; (P) 0.8909; (R1) 0.8929; More…

EUR/GBP is staying in range above 0.8861 and intraday bias remains neutral first. Further fall is expected as long as 0.9004 resistance holds. On the downside, sustained break of 0.8866 key support will indicate that rebound from 0.8670 has completed at 0.9291. Deeper fall should be seen to 0.8670, to extend the pattern from 0.9499. On the upside, however, firm break of 0.9004 resistance will turn bias back to the upside for 0.9291 resistance.

In the bigger picture, at this point, 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) 0.8879; (P) 0.8896; (R1) 0.8918; More…

Intraday bias in EUR/GBP remains neutral first. Fall is expected as long as 0.9004 resistance holds. On the downside, sustained break of 0.8866 key support will indicate that rebound from 0.8670 has completed at 0.9291. Deeper fall should be seen to 0.8670, to extend the pattern from 0.9499. On the upside, however, firm break of 0.9004 resistance will turn bias back to the upside for 0.9291 resistance.

In the bigger picture, at this point, 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) 0.8860; (P) 0.8893; (R1) 0.8919; More…

EUR/GBP is still staying in range above 0.8861 and intraday bias remains neutral first. Fall is expected as long as 0.9004 resistance holds. On the downside, sustained break of 0.8866 key support will indicate that rebound from 0.8670 has completed at 0.9291. Deeper fall should be seen to 0.8670, to extend the pattern from 0.9499. On the upside, however, firm break of 0.9068 will turn bias back to the upside for 0.9291 resistance.

In the bigger picture, at this point, 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) 0.8908; (P) 0.8934; (R1) 0.8951; More…

Intraday bias in EUR/GBP remains neutral and further fall is expected as long as 0.9068 resistance holds. On the downside, sustained break of 0.8866 key support will indicate that rebound from 0.8670 has completed at 0.9291. Deeper fall should be seen to 0.8670, to extend the pattern from 0.9499. On the upside, however, firm break of 0.9068 will turn bias back to the upside for 0.9291 resistance.

In the bigger picture, at this point, 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 from 0.8861 last week and outlook is unchanged. Initial bias stays neutral this week first. Another fall is expected as long as 0.9068 resistance holds. On the downside, sustained break of 0.8866 key support will indicate that rebound from 0.8670 has completed at 0.9291. Deeper fall should be seen to 0.8670, to extend the pattern from 0.9499. On the upside, however, firm break of 0.9068 will turn bias back to the upside for 0.9291 resistance.

In the bigger picture, at this point, 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) 0.8930; (P) 0.8947; (R1) 0.8970; More…

Intraday bias in EUR/GBP remains neutral and some more sideway trading could be seen. Further fall is mildly in favor with 0.9068 resistance intact. Sustained break of 0.8866 will argue that rebound from 0.8670 has completed, and pattern from 0.9499 has started the third leg. Intraday bias will be back on the downside for 0.8670 and possibly below. Nevertheless, firm break of 0.9068 will turn bias back to the upside for 0.9291 resistance.

In the bigger picture, at this point, 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) 0.8913; (P) 0.8935; (R1) 0.8956; More…

Outlook in EUR/GBP remains unchanged and intraday bias stays neutral. Further fall is mildly in favor with 0.9068 resistance intact. Sustained break of 0.8866 will argue that rebound from 0.8670 has completed, and pattern from 0.9499 has started the third leg. Intraday bias will be back on the downside for 0.8670 and possibly below. Nevertheless, firm break of 0.9068 will turn bias back to the upside for 0.9291 resistance.

In the bigger picture, at this point, 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) 0.8938; (P) 0.8962; (R1) 0.8977; More…

Intraday bias in EUR/GBP stays neutral as sideway trading continues. Further fall is mildly in favor with 0.9068 resistance intact. Sustained break of 0.8866 will argue that rebound from 0.8670 has completed, and pattern from 0.9499 has started the third leg. Intraday bias will be back on the downside for 0.8670 and possibly below. Nevertheless, firm break of 0.9068 will turn bias back to the upside for 0.9291 resistance..

In the bigger picture, at this point, 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) 0.8952; (P) 0.8978; (R1) 0.8991; More…

Intraday bias in EUR/USD stays neutral for the moment. Further fall is mildly in favor with 0.9068 resistance intact. Sustained break of 0.8866 will argue that rebound from 0.8670 has completed, and pattern from 0.9499 has started the third leg. Intraday bias will be back on the downside for 0.8670 and possibly below. Nevertheless, firm break of 0.9068 will turn bias back to the upside for 0.9291 resistance.

In the bigger picture, at this point, 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) 0.8952; (P) 0.8978; (R1) 0.8991; More…

Intraday bias in EUR/GBP remains neutral at this po9int. Further fall is mildly in favor with 0.9068 resistance intact. Sustained break of 0.8866 will argue that rebound from 0.8670 has completed, and pattern from 0.9499 has started the third leg. Intraday bias will be back on the downside for 0.8670 and possibly below. Nevertheless, firm break of 0.9068 will turn bias back to the upside for 0.9291 resistance.

In the bigger picture, at this point, 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 spiked lower to 0.8861 last week but quickly drew support from 0.8866 support and recovered. Initial bias is neutral this week first. Further fall is mildly in favor with 0.9068 resistance intact. Sustained break of 0.8866 will argue that rebound from 0.8670 has completed, and pattern from 0.9499 has started the third leg. Intraday bias will be back on the downside for 0.8670 and possibly below. Nevertheless, firm break of 0.9068 will turn bias back to the upside for 0.9291 resistance.

In the bigger picture, at this point, 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) 0.8933; (P) 0.8968; (R1) 0.9034; More…

Intraday bias in EUR/GBP remains neutral first. On the downside, decisive break of 0.8866 will confirm completion of whole corrective rise from 0.8670. In this case, further fall should be seen to this support to extend the pattern from 0.9499. On the upside, though, break of 0.9068 resistance will turn bias back to the upside for 0.9291 resistance.

In the bigger picture, at this point, 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) 0.8873; (P) 0.8896; (R1) 0.8931; More…

EUR/GBP recovers after breaching 0.8866 key support and intraday bias is turned neutral first. On the downside, decisive break of 0.8866 will confirm completion of whole corrective rise from 0.8670. In this case, further fall should be seen to this support to extend the pattern from 0.9499. On the upside, though, break of 0.9068 resistance will turn bias back to the upside for 0.9291 resistance.

In the bigger picture, at this point, 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) 0.8922; (R1) 0.8961; More…

Focus is now on 0.8866 support in EUR/GBP. Decisive break will confirm completion of corrective rise from 0.8670. Further fall should be seen to this support to extend the pattern from 0.9499. On the upside, though, break of 0.9068 resistance will turn bias back to the upside for 0.9291 resistance.

In the bigger picture, at this point, 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).