Daily Pivots: (S1) 0.8596; (P) 0.8621; (R1) 0.8641; More…

Intraday bias in EUR/GBP remains neutral as consolidation from 0.8575 is still extending. Another recovery could still be seen. But upside should be limited by 0.8811 resistance. On the downside, break of 0.8575 will resume the fall from 0.9324 and target 100% projection of 0.9324 to 0.8786 from 0.9019 at 0.8481, which is close to 0.8472 key support.

In the bigger picture, we’re now seeing 0.9324 as a medium term top on bearish divergence condition in weekly MACD. Price actions from there should develop into a corrective pattern. Deeper fall should be seen back to 38.2% retracement of 0.6935 to 0.9324 at 0.8411 but strong support should be seen there, at least on first attempt, to bring rebound. On the upside, break of 0.9324 is needed to confirm up trend resumption. Otherwise, risk will stay on the downside even in case of strong rebound.

Daily Pivots: (S1) 0.8622; (P) 0.8634; (R1) 0.8655; More…

EUR/GBP is staying in consolidation from 0.8575 and intraday bias remains neutral first. Another recovery could still be seen. But upside should be limited by 0.8811 resistance. On the downside, break of 0.8575 will resume the fall from 0.9324 and target 100% projection of 0.9324 to 0.8786 from 0.9019 at 0.8481, which is close to 0.8472 key support.

In the bigger picture, we’re now seeing 0.9324 as a medium term top on bearish divergence condition in weekly MACD. Price actions from there should develop into a corrective pattern. Deeper fall should be seen back to 38.2% retracement of 0.6935 to 0.9324 at 0.8411 but strong support should be seen there, at least on first attempt, to bring rebound. On the upside, break of 0.9324 is needed to confirm up trend resumption. Otherwise, risk will stay on the downside even in case of strong rebound.

Daily Pivots: (S1) 0.8611; (P) 0.8631; (R1) 0.8654; More…

Intraday bias in EUR/GBP remains neutral as consolidation from 0.8575 is extending. Another recovery could still be seen. But upside should be limited by 0.8811 resistance. On the downside, break of 0.8575 will resume the fall from 0.9324 and target 100% projection of 0.9324 to 0.8786 from 0.9019 at 0.8481, which is close to 0.8472 key support.

In the bigger picture, we’re now seeing 0.9324 as a medium term top on bearish divergence condition in weekly MACD. Price actions from there should develop into a corrective pattern. Deeper fall should be seen back to 38.2% retracement of 0.6935 to 0.9324 at 0.8411 but strong support should be seen there, at least on first attempt, to bring rebound. On the upside, break of 0.9324 is needed to confirm up trend resumption. Otherwise, risk will stay on the downside even in case of strong rebound.

Daily Pivots: (S1) 0.8615; (P) 0.8634; (R1) 0.8651; More…

EUR/GBP is staying in consolidation from 0.8575 and intraday bias remains neutral first. Another recovery could still be seen. But upside should be limited by 0.8811 resistance. On the downside, break of 0.8575 will resume the fall from 0.9324 and target 100% projection of 0.9324 to 0.8786 from 0.9019 at 0.8481, which is close to 0.8472 key support.

In the bigger picture, we’re now seeing 0.9324 as a medium term top on bearish divergence condition in weekly MACD. Price actions from there should develop into a corrective pattern. Deeper fall should be seen back to 38.2% retracement of 0.6935 to 0.9324 at 0.8411 but strong support should be seen there, at least on first attempt, to bring rebound. On the upside, break of 0.9324 is needed to confirm up trend resumption. Otherwise, risk will stay on the downside even in case of strong rebound.

Daily Pivots: (S1) 0.8619; (P) 0.8645; (R1) 0.8659; More…

Intraday bias in EUR/GBP remains neutral as consolidation from 0.8575 is extending. In case of another recovery, upside should be limited by 0.8811 resistance. On the downside, break of 0.8575 will resume the fall from 0.9324 and target 100% projection of 0.9324 to 0.8786 from 0.9019 at 0.8481, which is close to 0.8472 key support.

In the bigger picture, we’re now seeing 0.9324 as a medium term top on bearish divergence condition in weekly MACD. Price actions from there should develop into a corrective pattern. Deeper fall should be seen back to 38.2% retracement of 0.6935 to 0.9324 at 0.8411 but strong support should be seen there, at least on first attempt, to bring rebound. On the upside, break of 0.9324 is needed to confirm up trend resumption. Otherwise, risk will stay on the downside even in case of strong rebound.

EUR/GBP stayed in consolidation above 0.8575 last week and outlook is unchanged. Initial bias remains neutral this week for some consolidations first. Upside of recovery should be limited by 0.8811 resistance. On the downside, break of 0.8575 will resume the fall from 0.9324 and target 100% projection of 0.9324 to 0.8786 from 0.9019 at 0.8481, which is close to 0.8472 key support.

In the bigger picture, we’re now seeing 0.9324 as a medium term top on bearish divergence condition in weekly MACD. Price actions from there should develop into a corrective pattern. Deeper fall should be seen back to 38.2% retracement of 0.6935 to 0.9324 at 0.8411 but strong support should be seen there, at least on first attempt, to bring rebound. On the upside, break of 0.9324 is needed to confirm up trend resumption. Otherwise, risk will stay on the downside even in case of strong rebound.

In the long term picture, rise from 0.6935 (2015 low) could either be resuming the up trend from 0.5680 (2000 low). Or it’s just the second leg of the consolidation pattern from 0.9799 (2008 high). Eventual structure of the pull back from 0.9324 should reveal which case it should be.

Daily Pivots: (S1) 0.8602; (P) 0.8639; (R1) 0.8678; More…

EUR/GBP is staying in consolidation from 0.8575 and intraday bias remains neutral first. Another recovery could be seen but upside should be limited by 0.8811 minor resistance to bring decline resumption. On the downside, break of 0.8575 will target 100% projection of 0.9324 to 0.8786 from 0.9019 at 0.8481, which is close to 0.8472 key support.

In the bigger picture, we’re now seeing 0.9324 as a medium term top on bearish divergence condition in weekly MACD. Price actions from there should develop into a corrective pattern. Deeper fall should be seen back to 38.2% retracement of 0.6935 to 0.9324 at 0.8411 but strong support should be seen there, at least on first attempt, to bring rebound. On the upside, break of 0.9324 is needed to confirm up trend resumption. Otherwise, risk will stay on the downside even in case of strong rebound.

Daily Pivots: (S1) 0.8603; (P) 0.8631; (R1) 0.8647; More…

Intraday bias in EUR/GBP remains neutral as consolidation from 0.8575 is extending. Another recovery could be seen but upside should be limited by 0.8811 minor resistance to bring decline resumption. On the downside, break of 0.8575 will target 100% projection of 0.9324 to 0.8786 from 0.9019 at 0.8481, which is close to 0.8472 key support.

In the bigger picture, we’re now seeing 0.9324 as a medium term top on bearish divergence condition in weekly MACD. Price actions from there should develop into a corrective pattern. Deeper fall should be seen back to 38.2% retracement of 0.6935 to 0.9324 at 0.8411 but strong support should be seen there, at least on first attempt, to bring rebound. On the upside, break of 0.9324 is needed to confirm up trend resumption. Otherwise, risk will stay on the downside even in case of strong rebound.

Daily Pivots: (S1) 0.8598; (P) 0.8622; (R1) 0.8666; More…

EUR/GBP is staying in consolidation from 0.8575 and intraday bias remains neutral first. Another recovery could be seen but upside should be limited by 0.8811 minor resistance to bring decline resumption. On the downside, break of 0.8575 will target 100% projection of 0.9324 to 0.8786 from 0.9019 at 0.8481, which is close to 0.8472 key support.

In the bigger picture, we’re now seeing 0.9324 as a medium term top on bearish divergence condition in weekly MACD. Price actions from there should develop into a corrective pattern. Deeper fall should be seen back to 38.2% retracement of 0.6935 to 0.9324 at 0.8411 but strong support should be seen there, at least on first attempt, to bring rebound. On the upside, break of 0.9324 is needed to confirm up trend resumption. Otherwise, risk will stay on the downside even in case of strong rebound.

Daily Pivots: (S1) 0.8567; (P) 0.8614; (R1) 0.8650; More…

Intraday bias in EUR/GBP remains neutral at this point and consolidation from 0.8575 temporary low might extend. Another recovery could be seen but upside should be limited by 0.8811 minor resistance to bring decline resumption. On the downside, break of 0.8575 will target 100% projection of 0.9324 to 0.8786 from 0.9019 at 0.8481, which is close to 0.8472 key support.

In the bigger picture, we’re now seeing 0.9324 as a medium term top on bearish divergence condition in weekly MACD. Price actions from there should develop into a corrective pattern. Deeper fall should be seen back to 38.2% retracement of 0.6935 to 0.9324 at 0.8411 but strong support should be seen there, at least on first attempt, to bring rebound. On the upside, break of 0.9324 is needed to confirm up trend resumption. Otherwise, risk will stay on the downside even in case of strong rebound.

Daily Pivots: (S1) 0.8591; (P) 0.8628; (R1) 0.8646; More…

Intraday bias in EUR/GBP remains neutral for consolidation above 0.8575 temporary low. Another recovery could be seen but upside should be limited by 0.8811 minor resistance to bring decline resumption. On the downside, break of 0.8575 will target 100% projection of 0.9324 to 0.8786 from 0.9019 at 0.8481, which is close to 0.8472 key support.

In the bigger picture, we’re now seeing 0.9324 as a medium term top on bearish divergence condition in weekly MACD. Price actions from there should develop into a corrective pattern. Deeper fall should be seen back to 38.2% retracement of 0.6935 to 0.9324 at 0.8411 but strong support should be seen there, at least on first attempt, to bring rebound. On the upside, break of 0.9324 is needed to confirm up trend resumption. Otherwise, risk will stay on the downside even in case of strong rebound.

EUR/GBP’s decline from 0.9324 resumed last week and accelerated to as low as 0.8575. As a temporary low was formed there, initial bias stays neutral this week first. Recovery should be limited by 0.8811 minor resistance to bring decline resumption. On the downside, break of 0.8575 will target 100% projection of 0.9324 to 0.8786 from 0.9019 at 0.8481, which is close to 0.8472 key support.

In the bigger picture, we’re now seeing 0.9324 as a medium term top on bearish divergence condition in weekly MACD. Price actions from there should develop into a corrective pattern. Deeper fall should be seen back to 38.2% retracement of 0.6935 to 0.9324 at 0.8411 but strong support should be seen there, at least on first attempt, to bring rebound. On the upside, break of 0.9324 is needed to confirm up trend resumption. Otherwise, risk will stay on the downside even in case of strong rebound.

In the long term picture, rise from 0.6935 (2015 low) could either be resuming the up trend from 0.5680 (2000 low). Or it’s just the second leg of the consolidation pattern from 0.9799 (2008 high). Eventual structure of the pull back from 0.9324 should reveal which case it should be.

Daily Pivots: (S1) 0.8570; (P) 0.8636; (R1) 0.8697; More…

A temporary low should be in place at 0.8575 with 4 hour MACD staying well above signal line. Intraday bias is turned neutral for some consolidations first. Upside of recovery should be limited below 0.9019 resistance to bring fall resumption. On the downside, break of 0.8575 will extend the decline from 0.9324 to 100% projection of 0.9324 to 0.8786 from 0.9019 at 0.8481.

In the bigger picture, we’re now seeing 0.9324 as a medium term top on bearish divergence condition in weekly MACD. Price actions from there should develop into a corrective pattern. Deeper fall should be seen back to 38.2% retracement of 0.6935 to 0.9324 at 0.8411 but strong support should be seen there, at least on first attempt. On the upside, break of 0.9324 is needed to confirm up trend resumption. Otherwise, risk will stay on the downside even in case of strong rebound.

Daily Pivots: (S1) 0.8581; (P) 0.8648; (R1) 0.8699; More…

With 0.8716 minor resistance intact, intraday bias in EUR/GBP remains on the downside. Current fall from 0.9324 is still in progress and would target 100% projection of 0.9324 to 0.8786 from 0.9019 at 0.8481. However, break of 0.8811 will turn intraday bias neutral and bring more consolidations. But recovery should be limited below 0.9019 resistance to bring another decline.

In the bigger picture, we’re now seeing 0.9324 as a medium term top on bearish divergence condition in weekly MACD. Price actions from there should develop into a corrective pattern. Deeper fall should be seen back to 38.2% retracement of 0.6935 to 0.9324 at 0.8411 but strong support should be seen there, at least on first attempt. On the upside, break of 0.9324 is needed to confirm up trend resumption. Otherwise, risk will stay on the downside even in case of strong rebound.

Daily Pivots: (S1) 0.8587; (P) 0.8669; (R1) 0.8712; More…

Intraday bias in EUR/GBP remains on the downside with 0.8811 minor resistance intact. Current fall from 0.9324 is still in progress and would target 100% projection of 0.9324 to 0.8786 from 0.9019 at 0.8481. However, break of 0.8811 will turn intraday bias neutral and bring more consolidations. But recovery should be limited below 0.9019 resistance to bring another decline.

In the bigger picture, we’re now seeing 0.9324 as a medium term top on bearish divergence condition in weekly MACD. Price actions from there should develop into a corrective pattern. Deeper fall should be seen back to 38.2% retracement of 0.6935 to 0.9324 at 0.8411 but strong support should be seen there, at least on first attempt. On the upside, break of 0.9324 is needed to confirm up trend resumption. Otherwise, risk will stay on the downside even in case of strong rebound.

Daily Pivots: (S1) 0.8708; (P) 0.8759; (R1) 0.8804; More…

EUR/GBP drops to as low as 0.8627 so far and intraday bias remains on the downside. Current fall from 0.9324 should now target 100% projection of 0.9324 to 0.8786 from 0.9019 at 0.8481. On the upside, break of 0.8811 minor resistance is needed to indicate short term bottoming. Otherwise, further decline is expected in case of recovery.

In the bigger picture, we’re now seeing 0.9324 as a medium term top on bearish divergence condition in weekly MACD. Price actions from there should develop into a corrective pattern. Deeper fall should be seen back to 38.2% retracement of 0.6935 to 0.9324 at 0.8411 but strong support should be seen there, at least on first attempt. On the upside, break of 0.9324 is needed to confirm up trend resumption. Otherwise, risk will stay on the downside even in case of strong rebound.

Daily Pivots: (S1) 0.8708; (P) 0.8759; (R1) 0.8804; More…

EUR/GBP’s fall resumed after brief recovery and intraday bias stays on the downside. Break of 61.8% projection of 0.9324 to 0.8786 from 0.9019 at 0.8687 will extend the fall from 0.9324 to 100% projection at 0.8481. On the upside, above 0.8811 minor resistance will turn intraday bias neutral. But recovery should be limited well below 0.9019 resistance to bring fall resumption.

In the bigger picture, we’re now seeing 0.9324 as a medium term top on bearish divergence condition in weekly MACD. Price actions from there should develop into a corrective pattern. Deeper fall should be seen back to 38.2% retracement of 0.6935 to 0.9324 at 0.8411 but strong support should be seen there, at least on first attempt. On the upside, break of 0.9324 is needed to confirm up trend resumption. Otherwise, risk will stay on the downside even in case of strong rebound.

Daily Pivots: (S1) 0.8659; (P) 0.8760; (R1) 0.8824; More…

Intraday bias in EUR/GBP remains on the downside at this point. Break of 61.8% projection of 0.9324 to 0.8786 from 0.9019 at 0.8687 will extend the fall from 0.9324 to 100% projection at 0.8481. On the upside, above 0.8792 minor resistance will turn intraday bias neutral. But recovery should be limited well below 0.9019 resistance to bring fall resumption.

In the bigger picture, we’re now seeing 0.9324 as a medium term top on bearish divergence condition in weekly MACD. Price actions from there should develop into a corrective pattern. Deeper fall should be seen back to 38.2% retracement of 0.6935 to 0.9324 at 0.8411 but strong support should be seen there, at least on first attempt. On the upside, break of 0.9324 is needed to confirm up trend resumption. Otherwise, risk will stay on the downside even in case of strong rebound.

EUR/GBP dropped sharply to as low as 0.8695 last week as fall from 0.9324 resumed. Initial bias stays on the downside this week for 61.8% projection of 0.9324 to 0.8786 from 0.9019 at 0.8687 first. Break will target 100% projection at 0.8481. On the upside, above 0.8792 minor resistance will turn intraday bias neutral. But recovery should be limited well below 0.9019 resistance to bring fall resumption.

In the bigger picture, we’re now seeing 0.9324 as a medium term top on bearish divergence condition in weekly MACD. Price actions from there should develop into a corrective pattern. Deeper fall should be seen back to 38.2% retracement of 0.6935 to 0.9324 at 0.8411 but strong support should be seen there, at least on first attempt. On the upside, break of 0.9324 is needed to confirm up trend resumption. Otherwise, risk will stay on the downside even in case of strong rebound.

In the long term picture, rise from 0.6935 (2015 low) could either be resuming the up trend from 0.5680 (2000 low). Or it’s just the second leg of the consolidation pattern from 0.9799 (2008 high). Eventual structure of the pull back from 0.9324 should reveal which case it should be.

Daily Pivots: (S1) 0.8779; (P) 0.8899; (R1) 0.8968; More…

EUR/GBP drops sharply to as low as 0.8719 and strong break of 0.8786 support indicates resumption of fall from 0.9324. Intraday bias stays on the downside and further fall should be seen to 0.8427 low. On the upside, above 0.8830 minor resistance will turn intraday bias neutral first. But risk will stay on the downside as long as 0.9019 resistance holds.

In the bigger picture, the failure to sustain above 0.9305 (2017 high) suggests that consolidation from there is extending. Breach of 0.8472 cannot be ruled out but downside should be contained by 38.2% retracement of 0.6935 (2015 low) to 0.9305 at 0.8400. On the upside, firm break of 0.9327 will confirm up trend resumption.