EUR/GBP’s strong rebound last week revived near term bullishness, with 55 day EMA defended. Pull back from 0.9175 should have completed at 0.8930 and rise from 0.8670 is probably ready to resume. Further rise is expected this week for 0.9175 first. Break will target 61.8% projection of 0.8670 to 0.9175 from 0.8930 at 0.9242. On the downside, below 0.9034 minor support will dampen this bullish case and turn intraday bias back to the downside.

In the bigger picture, while the pull back from 0.9499 was deep, there is no sign of trend reversal yet. The up trend from 0.6935 (2015 low) should resume at a later stage to 61.8% projection of 0.6935 to 0.9263 from 0.8276 at 0.9715. This will remain the favored case as long as 0.8276 support holds.

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). Decisive break of 0.9799 will target 100% projection of 0.5680 to 0.9799 from 0.6935 at 1.1054.

Daily Pivots: (S1) 0.9051; (P) 0.9073; (R1) 0.9091; More…

Intraday bias in EUR/GBP is turned neutral with a temporary top formed at 0.9112. Further is expected and break of 0.9112 will target 0.9175 resistance first. Break there will resume whole rebound from 0.8670. Next target will be 61.8% projection of 0.8670 to 0.9175 from 0.8930 at 0.9242. On the downside, below 0.9034 minor support will dampen this bullish case and turn intraday bias back to the downside..

In the bigger picture, while the pull back from 0.9499 was deep, there is no sign of trend reversal yet. The up trend from 0.6935 (2015 low) should resume at a later stage to 61.8% projection of 0.6935 to 0.9263 from 0.8276 at 0.9715. This will remain the favored case as long as 0.8276 support holds.

Daily Pivots: (S1) 0.9045; (P) 0.9064; (R1) 0.9085; More…

Intraday bias in EUR/GBP remains on the upside and further rise should be seen to 0.9175 resistance. Break there will resume whole rebound from 0.8670. Next target will be 61.8% projection of 0.8670 to 0.9175 from 0.8930 at 0.9242. On the downside, below 0.9034 minor support will dampen this bullish case and turn intraday bias neutral first.

In the bigger picture, while the pull back from 0.9499 was deep, there is no sign of trend reversal yet. The up trend from 0.6935 (2015 low) should resume at a later stage to 61.8% projection of 0.6935 to 0.9263 from 0.8276 at 0.9715. This will remain the favored case as long as 0.8276 support holds.

Daily Pivots: (S1) 0.9034; (P) 0.9073; (R1) 0.9119; More…

Intraday bias in EUR/GBP stays on the upside for 0.9175 resistance. Break there will resume whole rebound from 0.8670. Next target will be 61.8% projection of 0.8670 to 0.9175 from 0.8930 at 0.9242. On the downside, below 0.9034 minor support will dampen this bullish case and turn intraday bias neutral first.

In the bigger picture, while the pull back from 0.9499 was deep, there is no sign of trend reversal yet. The up trend from 0.6935 (2015 low) should resume at a later stage to 61.8% projection of 0.6935 to 0.9263 from 0.8276 at 0.9715. This will remain the favored case as long as 0.8276 support holds.

Daily Pivots: (S1) 0.8976; (P) 0.9007; (R1) 0.9069; More…

Intraday bias in EUR/GBP remains on the upside for the moment. Strong support was seen in 55 day EMA. Current development suggests that rise from 0.8670 is still in progress. Break of 0.9175 will target 61.8% projection of 0.8670 to 0.9175 from 0.8930 at 0.9242 next. On the downside, below 0.9034 minor support will dampen this bullish case and turn intraday bias neutral first.

In the bigger picture, while the pull back from 0.9499 was deep, there is no sign of trend reversal yet. The up trend from 0.6935 (2015 low) should resume at a later stage to 61.8% projection of 0.6935 to 0.9263 from 0.8276 at 0.9715. This will remain the favored case as long as 0.8276 support holds.

Daily Pivots: (S1) 0.8976; (P) 0.9007; (R1) 0.9069; More…

EUR/GBP’s breach of 0.9067 minor resistance suggests that pull back from 0.9175 has completed at 0.8930, after drawing support from 55 day EMA. It also suggests that rebound from 0.8670 is not over yet. Intraday bias is back on the upside for retesting 61.8% retracement of 0.9499 to 0.8670 at 0.9182. On the downside, break of 0.8930 will turn bias back to the downside for 0.8864 support instead.

In the bigger picture, while the pull back from 0.9499 was deep, there is no sign of trend reversal yet. The up trend from 0.6935 (2015 low) should resume at a later stage to 61.8% projection of 0.6935 to 0.9263 from 0.8276 at 0.9715. This will remain the favored case as long as 0.8276 support holds.

Daily Pivots: (S1) 0.8935; (P) 0.8953; (R1) 0.8967; More…

No change in EUR/GBP’s outlook as fall from 0.9175 is in progress for 0.8864 support. Break should confirm completion of whole rebound from 0.8670. In this case, deeper fall would be seen back to 0.8670 low. On the upside, however, break of 0.9067 minor resistance will turn intraday bias back to the upside for 61.8% retracement of 0.9499 to 0.8670 at 0.9182 instead.

In the bigger picture, while the pull back from 0.9499 was deep, there is no sign of trend reversal yet. The up trend from 0.6935 (2015 low) should resume at a later stage to 61.8% projection of 0.6935 to 0.9263 from 0.8276 at 0.9715. This will remain the favored case as long as 0.8276 support holds.

EUR/GBP’s decline last week suggests that corrective rebound form 0.8670 has completed with three waves up to 0.9175. That came after missing 61.8% retracement of 0.9499 to 0.8670 at 0.9182. Initial bias stays on the downside this week for 0.8864 support first. Break will confirm this case and target a test on 0.8670 low. On the upside, though, break of 0.9067 will turn bias back to the upside for retesting 0.9175 instead.

In the bigger picture, while the pull back from 0.9499 was deep, there is no sign of trend reversal yet. The up trend from 0.6935 (2015 low) should resume at a later stage to 61.8% projection of 0.6935 to 0.9263 from 0.8276 at 0.9715. This will remain the favored case as long as 0.8276 support holds.

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). Decisive break of 0.9799 will target 100% projection of 0.5680 to 0.9799 from 0.6935 at 1.1054.

Daily Pivots: (S1) 0.8931; (P) 0.8966; (R1) 0.8985; More…

EUR/GBP’s fall from 0.9175 is still in progress and intraday bias stays on the downside for 0.8864 support. Break will confirm completion of the rebound from 0.8670. Deeper fall would then be seen to retest this low. On the upside, however, break of 0.9067 will turn bias back to the upside for 0.9175 instead.

In the bigger picture, while the pull back from 0.9499 was deep, there is no sign of trend reversal yet. The up trend from 0.6935 (2015 low) should resume at a later stage to 61.8% projection of 0.6935 to 0.9263 from 0.8276 at 0.9715. This will remain the favored case as long as 0.8276 support holds.

Daily Pivots: (S1) 0.8968; (P) 0.8990; (R1) 0.9004; More…

Intraday bias in EUR/GBP remains on the downside for the moment. Corrective rebound from 0.8670 could have completed at 0.9175, ahead of 61.8% retracement of 0.9499 to 0.8670 at 0.9182. Further fall should be seen to 0.8864 support. Break will confirm this bearish case and target a test on 0.8670 low. On the upside, though, break of 0.9067 will turn bias back to the upside for 0.9175 instead.

In the bigger picture, while the pull back from 0.9499 was deep, there is no sign of trend reversal yet. The up trend from 0.6935 (2015 low) should resume at a later stage to 61.8% projection of 0.6935 to 0.9263 from 0.8276 at 0.9715. This will remain the favored case as long as 0.8276 support holds.

Daily Pivots: (S1) 0.8953; (P) 0.9004; (R1) 0.9041; More…

Intraday bias in EUR/GBP remains on the downside at this point. Corrective rebound from 0.8670 could have completed at 0.9175, ahead of 61.8% retracement of 0.9499 to 0.8670 at 0.9182. Further fall should be seen to 0.8864 support. Break will confirm this bearish case and target a test on 0.8670 low. On the upside, though, break of 0.9067 will turn bias back to the upside for 0.9175 instead.

In the bigger picture, while the pull back from 0.9499 was deep, there is no sign of trend reversal yet. The up trend from 0.6935 (2015 low) should resume at a later stage to 61.8% projection of 0.6935 to 0.9263 from 0.8276 at 0.9715. This will remain the favored case as long as 0.8276 support holds.

Daily Pivots: (S1) 0.9020; (P) 0.9044; (R1) 0.9077; More…

EUR/GBP’s break of 0.9001 support as well as the near term channel suggests that rebound from 0.8670 has completed at 0.9175. That came after rejection by 61.8% retracement of 0.9499 to 0.8670 at 0.9182. Intraday bias is turned back to the downside for 0.8864 support. Break will confirm this bearish case and target a test on 0.8670 low. On the upside, though, break of 0.9067 will turn bias back to the upside for 0.9175 instead.

In the bigger picture, while the pull back from 0.9499 was deep, there is no sign of trend reversal yet. The up trend from 0.6935 (2015 low) should resume at a later stage to 61.8% projection of 0.6935 to 0.9263 from 0.8276 at 0.9715. This will remain the favored case as long as 0.8276 support holds.

Daily Pivots: (S1) 0.9020; (P) 0.9044; (R1) 0.9077; More…

Intraday bias in EUR/GBP remains neutral and some more consolidative trading could be seen. Further rise is in favor as long as 0.9001 support holds. Sustained break of 61.8% retracement of 0.9499 to 0.8670 at 0.9182 will extend the rebound from 0.8670 to retest 0.9499 high. However, firm break of 0.9001 will argue that whole rebound from 0.8670 has completed. Intraday bias will be turned back to the downside for 0.8864 support and below.

In the bigger picture, while the pull back from 0.9499 was deep, there is no sign of trend reversal yet. The up trend from 0.6935 (2015 low) should resume at a later stage to 61.8% projection of 0.6935 to 0.9263 from 0.8276 at 0.9715. This will remain the favored case as long as 0.8276 support holds.

Daily Pivots: (S1) 0.9000; (P) 0.9015; (R1) 0.9025; More…

Intraday bias in EUR/GBP remains neutral for the moment. Further rise is in favor as long as 0.9001 support holds. Sustained break of 61.8% retracement of 0.9499 to 0.8670 at 0.9182 will extend the rebound from 0.8670 to retest 0.9499 high. However, firm break of 0.9001 will argue that whole rebound from 0.8670 has completed. Intraday bias will be turned back to the downside for 0.8864 support and below.

In the bigger picture, while the pull back from 0.9499 was deep, there is no sign of trend reversal yet. The up trend from 0.6935 (2015 low) should resume at a later stage to 61.8% projection of 0.6935 to 0.9263 from 0.8276 at 0.9715. This will remain the favored case as long as 0.8276 support holds.

EUR/GBP edged higher to 0.9175 last week but failed to break through 61.8% retracement of 0.9499 to 0.8670 at 0.9182 and reversed. Initial bias is neutral this week with focus on 0.9001 support. As long as 0.9001 holds, another rise is in favor. Sustained break of 0.9182 will pave the way to retest 0.9499 high. However, firm break of 0.9001 will argue that whole rebound from 0.8670 has completed. Intraday bias will be turned back to the downside for 0.8864 support and below.

In the bigger picture, while the pull back from 0.9499 was deep, there is no sign of trend reversal yet. The up trend from 0.6935 (2015 low) should resume at a later stage to 61.8% projection of 0.6935 to 0.9263 from 0.8276 at 0.9715. This will remain the favored case as long as 0.8276 support holds.

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). Decisive break of 0.9799 will target 100% projection of 0.5680 to 0.9799 from 0.6935 at 1.1054.

Daily Pivots: (S1) 0.9001; (P) 0.9016; (R1) 0.9030; More…

Intraday bias in EUR/GBP remains neutral for the moment. As long as 0.9901 support holds, further rise is in favor. On the upside firm break of 61.8% retracement of 0.9499 to 0.8670 at 0.9182 will pave the way to retest 0.9499 high. On the downside, however, break of 0.9001 will argue that whole rebound from 0.8670 has completed. Intraday bias will be turned back to the downside for 0.8864 support and below.

In the bigger picture, while the pull back from 0.9499 was deep, there is no sign of trend reversal yet. The up trend from 0.6935 (2015 low) should resume at a later stage to 61.8% projection of 0.6935 to 0.9263 from 0.8276 at 0.9715. This will remain the favored case as long as 0.8276 support holds.

Daily Pivots: (S1) 0.9030; (P) 0.9087; (R1) 0.9117; More…

Intraday bias in EUR/GBP remains neutral first. Further rise is in favor as long as 0.9901 support holds. On the upside firm break of 61.8% retracement of 0.9499 to 0.8670 at 0.9182 will pave the way to retest 0.9499 high. On the downside, however, break of 0.9001 will argue that whole rebound from 0.8670 has completed. Intraday bias will be turned back to the downside for 0.8864 support and below.

In the bigger picture, while the pull back from 0.9499 was deep, there is no sign of trend reversal yet. The up trend from 0.6935 (2015 low) should resume at a later stage to 61.8% projection of 0.6935 to 0.9263 from 0.8276 at 0.9715. This will remain the favored case as long as 0.8276 support holds.

Daily Pivots: (S1) 0.9030; (P) 0.9087; (R1) 0.9117; More…

A temporary top is formed at 0.9175 in EUR/GBP, after failing to break through 61.8% retracement of 0.9499 to 0.8670 at 0.9182. Intraday bias is turned neutral first. On the upside, sustained trading above 0.9001 will pave the way to retest 0.9499 high. On the downside, however, break of 0.9001 will argue that whole rebound from 0.8670 has completed. Intraday bias will be turned back to the downside for 0.8864 support and below.

In the bigger picture, while the pull back from 0.9499 was deep, there is no sign of trend reversal yet. The up trend from 0.6935 (2015 low) should resume at a later stage to 61.8% projection of 0.6935 to 0.9263 from 0.8276 at 0.9715. This will remain the favored case as long as 0.8276 support holds.

Daily Pivots: (S1) 0.9092; (P) 0.9134; (R1) 0.9183; More…

Intraday bias in EUR/GBP remains on the upside for 61.8% retracement of 0.9499 to 0.8670 at 0.9182 first. Sustained trading above there will pave the way to retest 0.9499 high. On the downside, below 0.9079 minor support will turn intraday bias neutral first. But outlook will stay cautiously bearish as long as 0.9001 support holds.

In the bigger picture, while the pull back from 0.9499 was deep, there is no sign of trend reversal yet. The up trend from 0.6935 (2015 low) should resume at a later stage to 61.8% projection of 0.6935 to 0.9263 from 0.8276 at 0.9715. This will remain the favored case as long as 0.8276 support holds.