EUR/GBP Mid-Day Outlook

Daily Pivots: (S1) 0.9045; (P) 0.9073; (R1) 0.9120; More…

EUR/GBP’s rally accelerates to as high as 0.9170 so far. Intraday bias 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.

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.9045; (P) 0.9073; (R1) 0.9120; More…

Intraday bias in EUR/GBP remains on the upside at this point. rebound form 0.8670 is in progress 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 0.9901 minor support will turn bias back to the downside for testing 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.

EUR/GBP Weekly Outlook

EUR/GBP’s rebound form 0.8670 extended further last week. Initial bias stays on the upside this week 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 0.9901 minor support will turn bias back to the downside for testing 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.

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.

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.9001; (P) 0.9033; (R1) 0.9065; More…

Intraday bias in EUR/GBP remains neutral for consolidation below 0.9078 temporary top. Rebound from 0.8670 is still in favor to continue. On the upside, break of 0.9078 will target 61.8% retracement of 0.9499 to 0.8670 at 0.9182. However, break of 0.8864 will confirm completion of the rebound and bring retest of 0.8670 low.

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 Daily Outlook

Daily Pivots: (S1) 0.9024; (P) 0.9049; (R1) 0.9082; More…

No change in EUR/GBP’s outlook and further rise is in favor as long as 0.8938 support holds. Current rebound from 0.8670 should target 61.8% retracement of 0.9499 to 0.8670 at 0.9182. Sustained trading above there would pave the way back to retest 0.9499 high. On the downside, through, break of 0.8938 minor support will turn bias back to the downside for 0.8864 support.

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 Daily Outlook

Daily Pivots: (S1) 0.9007; (P) 0.9043; (R1) 0.9067; More…

Further rise is still expected in EUR/GBP with 0.8938 minor support intact. Current rebound from 0.8670 should target 61.8% retracement of 0.9499 to 0.8670 at 0.9182. Sustained trading above there would pave the way back to retest 0.9499 high. On the downside, through, break of 0.8938 minor support will turn bias back to the downside for 0.8864 support.

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 Daily Outlook

Daily Pivots: (S1) 0.9016; (P) 0.9039; (R1) 0.9057; More…

As long as 0.8938 minor support holds, further rise is still expected in EUR/GBP. Current rebound from 0.8670 should target 61.8% retracement of 0.9499 to 0.8670 at 0.9182. Sustained trading above there would pave the way back to retest 0.9499 high. On the downside, through, break of 0.8938 minor support will turn bias back to the downside for 0.8864 support.

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 Daily Outlook

Daily Pivots: (S1) 0.9014; (P) 0.9044; (R1) 0.9080; More…

Further rise is expected in EUR/GBP as long as 0.8938 minor support holds. Rebound from 0.8670 should target 61.8% retracement of 0.9499 to 0.8670 at 0.9182. Sustained trading above there would pave the way back to retest 0.9499 high. On the downside, through, break of 0.8938 minor support will turn bias back to the downside for 0.8864 support.

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 Weekly Outlook

EUR/GBP’s break of 0.9054 resistance last week suggests resumption of whole rebound from 0.8670. Initial bias stays on the upside this week for 61.8% retracement of 0.9499 to 0.8670 at 0.9182. Sustained trading above there would pave the way back to retest 0.9499 high. On the downside, through, break of 0.8938 minor support will turn bias back to the downside for 0.8864 support.

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.

EUR/GBP Mid-Day Outlook

Daily Pivots: (S1) 0.8966; (P) 0.9004; (R1) 0.9058; More…

EUR/GBP’s break of 0.9054 resistance suggests resumption of whole rebound from 0.8670. Intraday bias is back on the upside for 61.8% retracement of 0.9499 to 0.8670 at 0.9182. Sustained break there will pave the way to retest 0.9499 high. On the downside, break of 0.8938 will dampen near term bullishness and turn bias back to the downside for 0.8864 support.

In the bigger picture, while the pull back from 0.9499 is 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 Daily Outlook

Daily Pivots: (S1) 0.8966; (P) 0.9004; (R1) 0.9058; More…

Intraday bias in EUR/GBP remains neutral at this point. With 0.8866 minor support intact, further rise is in favor. On the upside, break of 0.9054 will resume the rebound from 0.8670 and target 61.8% retracement of 0.9499 to 0.8670 at 0.9182. However, firm break of 0.8866 will indicate completion of the rise from 0.8670. Intraday bias will be turned back to the downside for retesting 0.8670 support.

In the bigger picture, while the pull back from 0.9499 is 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 Daily Outlook

Daily Pivots: (S1) 0.8933; (P) 0.8962; (R1) 0.8984; More…

Range trading continues in EUR/GBP and intraday bias remains neural first. Further rise is in favor with 0.8866 minor support intact. On the upside, break of 0.9054 will resume the rebound from 0.8670 and target 61.8% retracement of 0.9499 to 0.8670 at 0.9182. However, firm break of 0.8866 will indicate completion of the rise from 0.8670. Intraday bias will be turned back to the downside for retesting 0.8670 support.

In the bigger picture, while the pull back from 0.9499 is 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 Daily Outlook

Daily Pivots: (S1) 0.8916; (P) 0.8954; (R1) 0.8995; More…

Intraday bias in EUR/GBP remains neutral as range trading continues inside 0.8866/9054. Further rise is in favor with 0.8866 minor support intact. On the upside, break of 0.9054 will resume the rebound from 0.8670 and target 61.8% retracement of 0.9499 to 0.8670 at 0.9182. However, firm break of 0.8866 will indicate completion of the rise from 0.8670. Intraday bias will be turned back to the downside for retesting 0.8670 support.

In the bigger picture, while the pull back from 0.9499 is 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 Daily Outlook

Daily Pivots: (S1) 0.8954; (P) 0.8989; (R1) 0.9018; More…

EUR/GBP is staying in range of 0.8866/9054 and intraday bias remains neutral. Further rise is in favor with 0.8866 minor support intact. On the upside, break of 0.9054 will resume the rebound from 0.8670 and target 61.8% retracement of 0.9499 to 0.8670 at 0.9182. However, firm break of 0.8866 will indicate completion of the rise from 0.8670. Intraday bias will be turned back to the downside for retesting 0.8670 support.

In the bigger picture, while the pull back from 0.9499 is 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 Daily Outlook

Daily Pivots: (S1) 0.8949; (P) 0.8973; (R1) 0.8998; More…

Intraday bias in EUR/GBP remains neutral as range trading continues. Further rise is in favor with 0.8866 minor support intact. On the upside, break of 0.9054 will resume the rebound from 0.8670 and target 61.8% retracement of 0.9499 to 0.8670 at 0.9182. However, firm break of 0.8866 will indicate completion of the rise from 0.8670. Intraday bias will be turned back to the downside for retesting 0.8670 support.

In the bigger picture, while the pull back from 0.9499 is 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 Weekly Outlook

EUR/GBP recovered after hitting 0.8866 support again last week but stayed in range below 0.9054. Initial bias remains neutral this week first and further rise is in favor. On the upside, break of 0.9054 will resume the rebound from 0.8670 and target 61.8% retracement of 0.9499 to 0.8670 at 0.9182. However, firm break of 0.8866 will indicate completion of the rise from 0.8670. Intraday bias will be turned back to the downside for retesting 0.8670 support.

In the bigger picture, while the pull back from 0.9499 is 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.

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8922; (P) 0.8969; (R1) 0.9015; More…

Intraday bias in EUR/GPB remains neutral first and consolidation from 0.9054 might extend. But further rally is expected as long as 0.8866 support holds. Break of 0.9054 will resume the rebound from 0.8670 to 61.8% retracement of 0.9499 to 0.8670 at 0.9182. However, firm break of 0.8866 will indicate completion of the rise from 0.8670. Intraday bias will be turned back to the downside for retesting 0.8670 support.

In the bigger picture, while the pull back from 0.9499 is 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 Daily Outlook

Daily Pivots: (S1) 0.8894; (P) 0.8912; (R1) 0.8941; More…

EUR/GBP rebounded after drawing support from 0.8866 again and intraday bias remains neutral. Further rise is now in favor and break of 0.9054 will resume the rebound from 0.8670. Next target is 61.8% retracement of 0.9499 to 0.8670 at 0.9182. However, firm break of 0.8866 will indicate completion of the rise from 0.8670. Intraday bias will be turned back to the downside for retesting 0.8670 support.

In the bigger picture, while the pull back from 0.9499 is 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 Daily Outlook

Daily Pivots: (S1) 0.8868; (P) 0.8903; (R1) 0.8943; More…

EUR/GBP is still bounded in range trading below 0.9054 and intraday bias remains neutral. Further rise will be mildly in favor as long as 0.8866 minor support holds. On the upside, above 0.9054 will extend the rebound from 0.8670 to 61.8% retracement of 0.9499 to 0.8670 at 0.9182. However, firm break of 0.8866 will indicate completion of the rise from 0.8670. Intraday bias will be turned back to the downside for retesting 0.8670 support.

In the bigger picture, while the pull back from 0.9499 is 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 Daily Outlook

Daily Pivots: (S1) 0.8854; (P) 0.8891; (R1) 0.8913; More…

Intraday bias in EUR/GBP remains neutral with focus on 0.8866 minor support. Further rise will be mildly in favor as long as 0.8866 minor support holds. On the upside, above 0.9054 will extend the rebound form 0.8670 to 61.8% retracement of 0.9499 to 0.8670 at 0.9182. However, firm break of 0.8866 will complete a head and should top pattern. That will indicate completion of the rise from 0.8670. Intraday bias will be turned back to the downside for retesting 0.8670 support.

In the bigger picture, while the pull back from 0.9499 is 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.