Daily Pivots: (S1) 0.8433; (P) 0.8462; (R1) 0.8490; More…

EUR/GBP is staying in consolidation pattern from 0.8276. Rise from 0.8386 might extend to 0.8595 resistance. Break there will target 38.2% retracement of 0.9324 to 0.8276 at 0.8676. On the downside, break of 0.8386 will bring retest of 0.8276 low instead.

In the bigger picture, decline from 0.9324 medium term top is still in progress. As long as 0.8786 support turned resistance holds, further fall is expected to 61.8% retracement of 0.6935 to 0.9324 at 0.7848. Nevertheless, break of 0.8786 will argue that fall from 0.9324 has completed and turn focus back to this high.

Daily Pivots: (S1) 0.8447; (P) 0.8493; (R1) 0.8520; More…

Intraday bias stays mildly on the upside in EUR/GBP. Corrective rebound from 0.8276 is possibly still in progress. Further rise might be seen to 0.8595 resistance. Break there will target 38.2% retracement of 0.9324 to 0.8276 at 0.8676. On the downside, break of 0.8386 will bring retest of 0.8276 low instead.

In the bigger picture, decline from 0.9324 medium term top is still in progress. As long as 0.8786 support turned resistance holds, further fall is expected to 61.8% retracement of 0.6935 to 0.9324 at 0.7848. Nevertheless, break of 0.8786 will argue that fall from 0.9324 has completed and turn focus back to this high.

Daily Pivots: (S1) 0.8439; (P) 0.8478; (R1) 0.8549; More…

EUR/GBP’s strong rebound and break of 0.8487 dampened our bearish view. Corrective rebound from 0.8276 is possibly still in progress. Intraday bias is back on the upside for 0.8595 resistance first. Break there will target 38.2% retracement of 0.9324 to 0.8276 at 0.8676. On the downside, break of 0.8386 will bring retest of 0.8276 low instead.

In the bigger picture, decline from 0.9324 medium term top is still in progress. As long as 0.8786 support turned resistance holds, further fall is expected to 61.8% retracement of 0.6935 to 0.9324 at 0.7848. Nevertheless, break of 0.8786 will argue that fall from 0.9324 has completed and turn focus back to this high.

Daily Pivots: (S1) 0.8380; (P) 0.8406; (R1) 0.8426; More…

Outlook in EUR/GBP remains unchanged for now. Corrective rise from 0.8276 has completed at 0.8595, after rejection by 55 day EMA. On the downside, below 0.8386 will turn bias to the downside for retesting 0.8276 low first. Break will resume larger fall from 0.9324. On the upside, break of 0.8487 will dampen this bearish view and turn focus back to 0.8595 resistance instead.

In the bigger picture, decline from 0.9324 medium term top is still in progress. As long as 0.8786 support turned resistance holds, further fall is expected to 61.8% retracement of 0.6935 to 0.9324 at 0.7848. Nevertheless, break of 0.8786 will argue that fall from 0.9324 has completed and turn focus back to this high.

EUR/GBP’s recover last week was limited by 0.8487 resistance and near term outlook remains bearish. That is, corrective rise from 0.8276 has completed at 0.8595, after rejection by 55 day EMA. On the downside, below 0.8386 will turn bias to the downside for retesting 0.8276 low first. Break will resume larger fall from 0.9324. On the upside, break of 0.8487 will dampen this bearish view and turn focus back to 0.8595 resistance instead.

In the bigger picture, decline from 0.9324 medium term top is still in progress. As long as 0.8786 support turned resistance holds, further fall is expected to 61.8% retracement of 0.6935 to 0.9324 at 0.7848. Nevertheless, break of 0.8786 will argue that fall from 0.9324 has completed and turn focus back to this high.

In the long term picture, fall from 0.9324 is currently seen as the third leg of the whole pattern from 0.9799 (2008 high). It’s a bit early to judge how fall the decline would extend to and whether 0.6935 would be taken out. We’ll pay attention to the structure of the fall from 0.9324 and corresponding downside momentum to made an assessment later.

Daily Pivots: (S1) 0.8397; (P) 0.8442; (R1) 0.8473; More…

Intraday bias in EUR/GBP remains neutral first. With 0.8487 minor resistance intact, further decline is expected. Corrective rise from 0.8276 should have completed at 0.8595. Below 0.8386 will bring retest of 0.8276 low. On the upside, break of 0.8487 will dampen this bearish view and turn focus back to 0.8595 resistance instead.

In the bigger picture, decline from 0.9324 medium term top is till in progress. As long as 0.8786 support turned resistance holds, further fall is expected to 61.8% retracement of 0.6935 to 0.9324 at 0.7848. Nevertheless, break of 0.8786 will argue that fall from 0.9324 has completed and turn focus back to this high.

Daily Pivots: (S1) 0.8447; (P) 0.8457; (R1) 0.8468; More…

Focus is back on 0.8487 in EUR/GBP/ Break will suggests that corrective rise from 0.8276 is extending with another rising leg. Intraday bias will be turned back to the upside for 0.8595 resistance and above. But upside should be limited by 38.2% retracement of 0.9324 to 0.8276 at 0.8676. On the downside, below 0.8386 will turn bias back to the downside for retesting 0.8276 low.

In the bigger picture, decline from 0.9324 medium term top is till in progress. As long as 0.8786 support turned resistance holds, further fall is expected to 61.8% retracement of 0.6935 to 0.9324 at 0.7848. Nevertheless, break of 0.8786 will argue that fall from 0.9324 has completed and turn focus back to this high.

Daily Pivots: (S1) 0.8438; (P) 0.8458; (R1) 0.8482; More…

Intraday bias in EUR/GBP remains neutral first. Outlook is unchanged that corrective rise from 0.8276 should have completed at 0.8595, after rejection by 55 day EMA. Break of 0.8386 will target a test on 0.8276 low. Nevertheless, break of 0.8487 would turn bias to the upside for 0.8595 to extend the corrective rise from 0.8276.

In the bigger picture, decline from 0.9324 medium term top is till in progress. As long as 0.8786 support turned resistance holds, further fall is expected to 61.8% retracement of 0.6935 to 0.9324 at 0.7848. Nevertheless, break of 0.8786 will argue that fall from 0.9324 has completed and turn focus back to this high.

Daily Pivots: (S1) 0.8416; (P) 0.8433; (R1) 0.8456; More…

EUR/GBP is staying in consolidation from 0.8386 temporary low and intraday bias remains neutral. Outlook is unchanged that corrective rise from 0.8276 should have completed at 0.8595, after rejection by 55 day EMA. Break of 0.8386 will target a test on 0.8276 low. Nevertheless, break of 0.8487 would turn bias to the upside for 0.8595 to extend the corrective rise from 0.8276.

In the bigger picture, decline from 0.9324 medium term top is till in progress. As long as 0.8786 support turned resistance holds, further fall is expected to 61.8% retracement of 0.6935 to 0.9324 at 0.7848. Nevertheless, break of 0.8786 will argue that fall from 0.9324 has completed and turn focus back to this high.

Daily Pivots: (S1) 0.8403; (P) 0.8423; (R1) 0.8457; More…

Intraday bias in EUR/GBP remains neutral for consolidation above 0.8386 temporary low. Upside should be limited by 0.8487 minor resistance. As noted before, corrective rise from 0.8276 should have completed at 0.8595, after rejection by 55 day EMA. Below 0.8386 will target a test on 0.8276 low. Nevertheless, break of 0.8487 would turn bias to the upside for 0.8595 to extend the corrective rise from 0.8276.

In the bigger picture, decline from 0.9324 medium term top is till in progress. As long as 0.8786 support turned resistance holds, further fall is expected to 61.8% retracement of 0.6935 to 0.9324 at 0.7848. Nevertheless, break of 0.8786 will argue that fall from 0.9324 has completed and turn focus back to this high.

EUR/GBP’s decline last week suggests that corrective rise from 0.8276 has completed at 0.8595, after rejection by 55 day EMA. As a temporary low is in place at 0.8386, initial bias is neutral this week first. Upside of recovery should be limited by 0.8487 minor resistance. On the downside, break of 0.8386 will target a test on 0.8276 low. Nevertheless, break of 0.8487 would turn bias to the upside for 0.8595 to extend the corrective rise form 0.8276.

In the bigger picture, decline from 0.9324 medium term top is till in progress. As long as 0.8786 support turned resistance holds, further fall is expected to 61.8% retracement of 0.6935 to 0.9324 at 0.7848. Nevertheless, break of 0.8786 will argue that fall from 0.9324 has completed and turn focus back to this high.

In the long term picture, fall from 0.9324 is currently seen as the third leg of the whole pattern from 0.9799 (2008 high). It’s a bit early to judge how fall the decline would extend to and whether 0.6935 would be taken out. We’ll pay attention to the structure of the fall from 0.9324 and corresponding downside momentum to made an assessment later.

Daily Pivots: (S1) 0.8408; (P) 0.8433; (R1) 0.8449; More…

Intraday bias in EUR/GBP remains on the downside as fall from 0.8595 is in progress. Corrective rise from 0.8726 should have completed. Further fall would be seen to retest 0.8726 low. Break will resume larger down trend from 0.9324. On the upside, above 0.8457 minor resistance will turn intraday bias neutral first. But risk will stay on the downside as long as 0.8595 resistance holds, in case of recovery.

In the bigger picture, decline from 0.9324 medium term top is till in progress. As long as 0.8786 support turned resistance holds, further fall is expected to 61.8% retracement of 0.6935 to 0.9324 at 0.7848. Nevertheless, break of 0.8786 will argue that fall from 0.9324 has completed and turn focus back to this high.

Daily Pivots: (S1) 0.8412; (P) 0.8456; (R1) 0.8489; More…

Intraday bias in EUR/GBP remains on the downside as this point. Corrective rise from 0.8726 should have completed at 0.8595 already. Further fall should be seen to retest 0.8726 low. Break will resume larger down trend from 0.9324. On the upside, above 0.8487 will turn bias back to the upside for 0.8595 resistance instead.

In the bigger picture, decline from 0.9324 medium term top is till in progress. As long as 0.8786 support turned resistance holds, further fall is expected to 61.8% retracement of 0.6935 to 0.9324 at 0.7848. Nevertheless, break of 0.8786 will argue that fall from 0.9324 has completed and turn focus back to this high.

Daily Pivots: (S1) 0.8482; (P) 0.8508; (R1) 0.8523; More…

EUR/GBP’s break of 0.8454 support suggests that corrective rise from 0.8726 has completed at 0.8595 already. Intraday bias is turned back to the downside for retesting 0.8726 low first. Break will resume larger down trend from 0.9324. On the upside, break of 0.8595 is needed to confirm resumption of the rebound. Otherwise, risk will stay on the downside in case of recovery.

In the bigger picture, decline from 0.9324 medium term top is till in progress. As long as 0.8786 support turned resistance holds, further fall is expected to 61.8% retracement of 0.6935 to 0.9324 at 0.7848. Nevertheless, break of 0.8786 will argue that fall from 0.9324 has completed and turn focus back to this high.

Daily Pivots: (S1) 0.8482; (P) 0.8508; (R1) 0.8523; More…

Intraday bias in EUR/GBP remains neutral for the moment. As long as 0.8454 minor support holds, further rise is mildly in favor. On the upside, break of 0.8595 will extend the rebound from 0.8276 to 38.2% retracement of 0.9324 to 0.8276 at 0.8676. However, firm break of 0.8479 will indicate completion of the rebound, and turn bias to the downside for retesting 0.8276 low.

In the bigger picture, decline from 0.9324 medium term top is till in progress. As long as 0.8786 support turned resistance holds, further fall is expected to 61.8% retracement of 0.6935 to 0.9324 at 0.7848. Nevertheless, break of 0.8786 will argue that fall from 0.9324 has completed and turn focus back to this high.

Daily Pivots: (S1) 0.8516; (P) 0.8534; (R1) 0.8548; More…

Intraday bias in EUR/GBP stays neutral first and, with 0.8479 minor support intact, further rise is mildly in favor. Above 0.8595 will extend the rebound from 0.8276 to 38.2% retracement of 0.9324 to 0.8276 at 0.8676. However, firm break of 0.8479 will indicate completion of the rebound, and turn bias to the downside for retesting 0.8276 low.

In the bigger picture, decline from 0.9324 medium term top is till in progress. As long as 0.8786 support turned resistance holds, further fall is expected to 61.8% retracement of 0.6935 to 0.9324 at 0.7848. Nevertheless, break of 0.8786 will argue that fall from 0.9324 has completed and turn focus back to this high.

Daily Pivots: (S1) 0.8497; (P) 0.8515; (R1) 0.8542; More…

Intraday bias in EUR/GBP remains neutral for the moment. Further rise is mildly in favor as long as 0.8479 minor support holds. Above 0.8595 will extend the rebound from 0.8276 to 38.2% retracement of 0.9324 to 0.8276 at 0.8676. However, firm break of 0.8479 will indicate completion of the rebound, and turn bias to the downside for retesting 0.8276 low.

In the bigger picture, decline from 0.9324 medium term top is till in progress. As long as 0.8786 support turned resistance holds, further fall is expected to 61.8% retracement of 0.6935 to 0.9324 at 0.7848. Nevertheless, break of 0.8786 will argue that fall from 0.9324 has completed and turn focus back to this high.

EUR/GBP edged higher to 0.9595 last week but quickly retreated. Initial bias remains neutral this week first. Further rise is mildly in favor as long as 0.8479 minor support holds. Above 0.8595 will extend the rebound from 0.8276 to 38.2% retracement of 0.9324 to 0.8276 at 0.8676. However, firm break of 0.8479 will indicate completion of the rebound, and turn bias to the downside for retesting 0.8276 low.

In the bigger picture, decline from 0.9324 medium term top is till in progress. As long as 0.8786 support turned resistance holds, further fall is expected to 61.8% retracement of 0.6935 to 0.9324 at 0.7848. Nevertheless, break of 0.8786 will argue that fall from 0.9324 has completed and turn focus back to this high.

In the long term picture, fall from 0.9324 is currently seen as the third leg of the whole pattern from 0.9799 (2008 high). It’s a bit early to judge how fall the decline would extend to and whether 0.6935 would be taken out. We’ll pay attention to the structure of the fall from 0.9324 and corresponding downside momentum to made an assessment later.

Daily Pivots: (S1) 0.8497; (P) 0.8530; (R1) 0.8549; More…

Intraday bias in EUR/GBP stays neutral first. Further rise is expected as long as 0.8479 support holds. On the upside, break of 0.8595 will target 38.2% retracement of 0.9324 to 0.8276 at 0.8676. However, break of 0.8479 will argue that rebound from 0.8276 has completed and turn bias back to the downside.

In the bigger picture, rise from 0.6935 (2015 low) should have completed at 0.9324 already. As long as 0.8786 support turned resistance holds, further decline is expected. Next target is 61.8% retracement of 0.6935 to 0.9324 at 0.7848. Nevertheless, break of 0.8786 will argue that fall from 0.9324 has completed and turn focus back to this high.

Daily Pivots: (S1) 0.8533; (P) 0.8556; (R1) 0.8573; More…

Intraday bias in EUR/GBP remains neutral first. Further rise is expected as long as 0.8479 support holds. On the upside, break of 0.8595 will target 38.2% retracement of 0.9324 to 0.8276 at 0.8676. Firm break there will target 100% projection of 0.8276 to 0.8591 from 0.8479 at 0.8794.

In the bigger picture, rise from 0.6935 (2015 low) should have completed at 0.9324 already. As long as 0.8786 support turned resistance holds, further decline is expected. Next target is 61.8% retracement of 0.6935 to 0.9324 at 0.7848. Nevertheless, break of 0.8786 will argue that fall from 0.9324 has completed and turn focus back to this high.