EUR/GBP’s correction from 0.9324 short term top extended lower last week. But over all outlook is unchanged. While further decline cannot be ruled out this week, downside should be contained by 0.8891/9051 support zone to bring rebound. support zone to bring rebound. On the upside, break of 0.9157 will turn bias back to the upside for 0.9324 resistance first. However, sustained break of 0.8891 will target 61.8% retracement of 0.8472 to 0.9324 at 0.8797 and below.

In the bigger picture, up trend from 0.6935 (2015 low) should be resuming. Sustained break of 0.9305 will confirm and target 0.9799 (2008 high) and then 61.8% projection of 0.6935 to 0.9305 from 0.8472 at 0.9937. In any case, medium term outlook will remain bullish as long as 0.8891 support holds, in case of deep pull back. However, sustained break of 0.8891 will dampen this bullish view and focus would be back on 0.8472 key support.

In the long term picture, we’re holding on to the view that rise from 0.6935 (2015 low) is resuming the up trend from 0.5680 (2000 low). As long as 38.2% retracement of 0.6935 to 0.9306 at 0.8400 holds, further rise should be seen through 0.9305 to 0.9799 and above down the road.

Daily Pivots: (S1) 0.8995; (P) 0.9076; (R1) 0.9124; More…

EUR/GBP’s corrective fall from 0.9324 might extend lower. But we’d expect strong support from 0.8891/9051 support zone to bring rebound. On the upside, break of 0.9157 will turn bias back to the upside for 0.9324 resistance first. However, sustained break of 0.8891 will target 61.8% retracement of 0.8472 to 0.9324 at 0.8797 and below.

In the bigger picture, up trend from 0.6935 (2015 low) should be resuming. Sustained break of 0.9305 will confirm and target 0.9799 (2008 high) and then 61.8% projection of 0.6935 to 0.9305 from 0.8472 at 0.9937. In any case, medium term outlook will remain bullish as long as 0.8891 support holds, in case of deep pull back.

Daily Pivots: (S1) 0.9117; (P) 0.9140; (R1) 0.9167; More…

Intraday bias in EUR/GBP remains on the downside at this point. Corrective fall from 0.9324 is still in progress. But we’d expect strong support from 0.8891/9051 support zone to bring rebound. On the upside, break of 0.9157 will turn bias back to the upside for 0.9324 resistance first. However, sustained break of 0.8991 will target 61.8% retracement of 0.8472 to 0.9324 at 0.8797.

In the bigger picture, up trend from 0.6935 (2015 low) should be resuming. Sustained break of 0.9305 will confirm and target 0.9799 (2008 high) and then 61.8% projection of 0.6935 to 0.9305 from 0.8472 at 0.9937. In any case, medium term outlook will remain bullish as long as 0.8891 support holds, in case of deep pull back.

Daily Pivots: (S1) 0.9117; (P) 0.9140; (R1) 0.9167; More…

EUR/GBP’s corrective fall from 0.9324 might extend lower to 55 day EMA (now at 0.9038). But strong support should be seen in 0.8891/9051 support zone to bring rise resumption. On the upside, above 0.9194 minor resistance will turn bias back to the upside. Break of 0.9324 will resume larger up trend.

In the bigger picture, up trend from 0.6935 (2015 low) should be resuming. Sustained break of 0.9305 will confirm and target 0.9799 (2008 high) and then 61.8% projection of 0.6935 to 0.9305 from 0.8472 at 0.9937. In any case, medium term outlook will remain bullish as long as 0.8891 support holds, in case of deep pull back.

Daily Pivots: (S1) 0.9087; (P) 0.9135; (R1) 0.9170; More…

No change in EUR/GBP’s outlook as corrective fall from 0.9342 might extend to 55 day EMA (now at 0.9034). But strong support should be seen in 0.8891/9051 support zone to bring rise resumption. On the upside, above 0.9194 minor resistance will turn bias back to the upside. Break of 0.9324 will resume larger up trend.

In the bigger picture, up trend from 0.6935 (2015 low) should be resuming. Sustained break of 0.9305 will confirm and target 0.9799 (2008 high) and then 61.8% projection of 0.6935 to 0.9305 from 0.8472 at 0.9937. In any case, medium term outlook will remain bullish as long as 0.8891 support holds, in case of deep pull back.

Daily Pivots: (S1) 0.9109; (P) 0.9139; (R1) 0.9167; More…

EUR/GBP’s corrective fall from 0.9324 could extend lower to 55 day EMA (now at 0.9027). But strong support should be seen in 0.8891/9051 support zone to bring rise resumption. On the upside, above 0.9194 minor resistance will turn bias back to the upside. Break of 0.9324 will resume larger up trend.

In the bigger picture, up trend from 0.6935 (2015 low) should be resuming. Sustained break of 0.9305 will confirm and target 0.9799 (2008 high) and then 61.8% projection of 0.6935 to 0.9305 from 0.8472 at 0.9937. In any case, medium term outlook will remain bullish as long as 0.8891 support holds, in case of deep pull back.

Daily Pivots: (S1) 0.9080; (P) 0.9138; (R1) 0.9185; More…

Intraday in EUR/GBP remains mildly on the downside. Corrective fall from 0.9324 could extend lower to 55 day EMA (now at 0.9025). But strong support should be seen in 0.8891/9051 support zone to bring rise resumption. On the upside, above 0.9194 minor resistance will turn bias back to the upside. Break of 0.9324 will resume larger up trend.

In the bigger picture, up trend from 0.6935 (2015 low) should be resuming. Sustained break of 0.9305 will confirm and target 0.9799 (2008 high) and then 61.8% projection of 0.6935 to 0.9305 from 0.8472 at 0.9937. In any case, medium term outlook will remain bullish as long as 0.8891 support holds, in case of deep pull back.

EUR/GBP edged slightly higher to 0.9324 last week but formed a short term top there. Initial bias is mildly on the downside this week as corrective from 0.9324 could extend lower to 55 day EMA (now at 0.9025). But strong support should be seen in 0.8891/9051 support zone to bring rise resumption. On the upside, above 0.9194 minor resistance will turn bias back to the upside. Break of 0.9324 will resume larger up trend.

In the bigger picture, up trend from 0.6935 (2015 low) should be resuming. Sustained break of 0.9305 will confirm and target 0.9799 (2008 high) and then 61.8% projection of 0.6935 to 0.9305 from 0.8472 at 0.9937. In any case, medium term outlook will remain bullish as long as 0.8891 support holds, in case of deep pull back.

In the long term picture, we’re holding on to the view that rise from 0.6935 (2015 low) is resuming the up trend from 0.5680 (2000 low). As long as 38.2% retracement of 0.6935 to 0.9306 at 0.8400 holds, further rise should be seen through 0.9305 to 0.9799 and above down the road.

Daily Pivots: (S1) 0.9144; (P) 0.9198; (R1) 0.9240; More…

Intraday bias in EUR/GBP remains mildly on the downside. Pull back from 0.9324 short term top would extend to 55 day EMA (now at 0.9025). But strong support should be seen in 0.8891/9051 support zone to bring rise resumption. Break of 0.9324 will resume larger up trend.

In the bigger picture, up trend from 0.6935 (2015 low) should be resuming. Sustained break of 0.9305 will confirm and target t 0.9799 (2008 high) and then 61.8% projection of 0.6935 to 0.9305 from 0.8472 at 0.9937. In any case, medium term outlook will remain bullish as long as 0.8891 support holds, in case of deep pull back.

Daily Pivots: (S1) 0.9219; (P) 0.9248; (R1) 0.9266; More…

Break of 0.9198 support suggests short term topping at 0.9324, on bearish divergence condition in 4 hour MACD. Intraday bias is back on the downside for pull back to 55 day EMA (now at 0.9019). But strong support should be seen in 0.8891/9051 support zone to bring rise resumption. Break of 0.9324 will resume larger up trend.

In the bigger picture, up trend from 0.6935 (2015 low) should be resuming. Sustained break of 0.9305 will confirm and target t 0.9799 (2008 high) and then 61.8% projection of 0.6935 to 0.9305 from 0.8472 at 0.9937. In any case, medium term outlook will remain bullish as long as 0.8891 support holds, in case of deep pull back.

Daily Pivots: (S1) 0.9238; (P) 0.9266; (R1) 0.9292; More…

No change in EUR/GBP’s outlook despite diminishing upside momentum. Further rise should be seen with 0.9198 minor support intact. Larger up trend is likely resuming and next near term target is 100% projection of 0.8489 to 0.9051 from 0.8891 at 0.9453. On the downside, though, break of 0.9198 minor support will indicate short term topping and bring lengthier consolidations first.

In the bigger picture, up trend from 0.6935 (2015 low) should be resuming. Sustained break of 0.9305 will confirm and target t 0.9799 (2008 high) and then 61.8% projection of 0.6935 to 0.9305 from 0.8472 at 0.9937. In any case, medium term outlook will remain bullish as long as 0.8891 support holds, in case of deep pull back.

Daily Pivots: (S1) 0.9248; (P) 0.9287; (R1) 0.9325; More…

Despite diminishing upside momentum as seen in 4 hour MACD, intraday bias in EUR/GBP remains on the upside with 0.9198 minor support intact. Larger up trend is likely resuming and next near term target is 100% projection of 0.8489 to 0.9051 from 0.8891 at 0.9453. On the downside, though, break of 0.9198 minor support will indicate short term topping and bring lengthier consolidations first.

In the bigger picture, up trend from 0.6935 (2015 low) should be resuming. Sustained break of 0.9305 will confirm and target t 0.9799 (2008 high) and then 61.8% projection of 0.6935 to 0.9305 from 0.8472 at 0.9937. In any case, medium term outlook will remain bullish as long as 0.8891 support holds, in case of deep pull back.

Daily Pivots: (S1) 0.9242; (P) 0.9279; (R1) 0.9351; More…

Intraday bias in EUR/GBP remains on the upside at this point. Larger up trend is likely resuming and next near term target is 100% projection of 0.8489 to 0.9051 from 0.8891 at 0.9453. On the downside, though, break of 0.9198 minor support will indicate short term topping and bring lengthier consolidations first.

In the bigger picture, up trend from 0.6935 (2015 low) should be resuming. Sustained break of 0.9305 will confirm and target t 0.9799 (2008 high) and then 61.8% projection of 0.6935 to 0.9305 from 0.8472 at 0.9937. In any case, medium term outlook will remain bullish as long as 0.8891 support holds, in case of deep pull back.

EUR/GBP’s rally extended to as high as 0.9317 last week and breached 0.9305 key resistance. Larger up trend is likely resuming. Initial bias stays on the upside this week. Next near term target is 100% projection of 0.8489 to 0.9051 from 0.8891 at 0.9453. On the downside, though, break of 0.9198 minor support will indicate short term topping and bring lengthier consolidations first.

In the bigger picture, up trend from 0.6935 (2015 low) should be resuming. Sustained break of 0.9305 will confirm and target t 0.9799 (2008 high) and then 61.8% projection of 0.6935 to 0.9305 from 0.8472 at 0.9937. In any case, medium term outlook will remain bullish as long as 0.8472 support holds, in case of deep pull back.

In the long term picture, we’re holding on to the view that rise from 0.6935 (2015 low) is resuming the up trend from 0.5680 (2000 low). As long as 0.8472 support holds, further rise should be seen through 0.9305 to 0.9799 and above down the road.

Daily Pivots: (S1) 0.9191; (P) 0.9228; (R1) 0.9250; More…

EUR/GBP continues to lose upside momentum but further rise is still expected to 0.9305 key resistance next. On the downside, though, break of 0.9155 minor support will suggest short term topping. Intraday bias will be turned back to the downside for pull back into 0.8891/9051 support zone first.

In the bigger picture, current development confirms that corrective fall from 0.9305 (2017 high) has completed with three waves down to 0.8472. And, up trend from 0.6935 (2015 low) is ready to resume. Break of 0.9305 will target 0.9799 (2008 high) and then 61.8% projection of 0.6935 to 0.9305 from 0.8472 at 0.9937. In any case, medium term outlook will remain bullish as long as 0.8472 support holds.

Daily Pivots: (S1) 0.9191; (P) 0.9220; (R1) 0.9250; More…

No change in EUR/GBP’s outlook. With 0.9088 minor support intact, further rise is expected. Current rally should now target 0.9305 key resistance next. On the downside, break of 0.9088 minor support will turn intraday bias neutral again to bring consolidations, before staging another rise.

In the bigger picture, current development confirms that corrective fall from 0.9305 (2017 high) has completed with three waves down to 0.8472. And, up trend from 0.6935 (2015 low) is ready to resume. Break of 0.9305 will target 0.9799 (2008 high) and then 61.8% projection of 0.6935 to 0.9305 from 0.8472 at 0.9937. In any case, medium term outlook will remain bullish as long as 0.8472 support holds.

Daily Pivots: (S1) 0.9157; (P) 0.9204; (R1) 0.9251; More…

With 0.9088 minor support intact, further rise is expected in EUR/GBP. Current rally should now target 0.9305 key resistance next. On the downside, break of 0.9088 minor support will turn intraday bias neutral again to bring consolidations, before staging another rise.

In the bigger picture, current development confirms that corrective fall from 0.9305 (2017 high) has completed with three waves down to 0.8472. And, up trend from 0.6935 (2015 low) is ready to resume. Break of 0.9305 will target 0.9799 (2008 high) and then 61.8% projection of 0.6935 to 0.9305 from 0.8472 at 0.9937. In any case, medium term outlook will remain bullish as long as 0.8472 support holds.

Daily Pivots: (S1) 0.9161; (P) 0.9196; (R1) 0.9262; More…

Intraday bias in EUR/GBP remains on the upside at this point. Current rally should now target 0.9305 key resistance next. On the downside, break of 0.9088 minor support will turn intraday bias neutral again to bring consolidations, before staging another rise.

In the bigger picture, current development confirms that corrective fall from 0.9305 (2017 high) has completed with three waves down to 0.8472. And, up trend from 0.6935 (2015 low) is ready to resume. Break of 0.9305 will target 0.9799 (2008 high) and then 61.8% projection of 0.6935 to 0.9305 from 0.8472 at 0.9937. In any case, medium term outlook will remain bullish as long as 0.8472 support holds.

Daily Pivots: (S1) 0.9112; (P) 0.9142; (R1) 0.9161; More…

EUR/GBP’s rise is resuming by taking out 0.9190 temporary top. Intraday bias is back on the upside. Current rally should now target 0.9305 key resistance next. On the downside, break of 0.9088 minor support will turn intraday bias neutral again to bring consolidations, before staging another rise.

In the bigger picture, current development confirms that corrective fall from 0.9305 (2017 high) has completed with three waves down to 0.8472. And, up trend from 0.6935 (2015 low) is ready to resume. Break of 0.9305 will target 0.9799 (2008 high) and then 61.8% projection of 0.6935 to 0.9305 from 0.8472 at 0.9937. In any case, medium term outlook will remain bullish as long as 0.8472 support holds.

EUR/GBP surged to as high as 0.9190 and formed a temporary top there before turning into consolidation. The break of 0.9101 key resistance carries larger bullish implication. Initial bias is neutral this week for some consolidations first. Downside of retreat should be contained well above 0.8891 support to bring another rally. On the upside, break of 0.9190 will resume recent rise for 0.9305 key resistance next.

In the bigger picture, current development confirms that corrective fall from 0.9305 (2017 high) has completed with three waves down to 0.8472. And, up trend from 0.6935 (2015 low) is ready to resume. Break of 0.9305 will target 0.9799 (2008 high) and then 61.8% projection of 0.6935 to 0.9305 from 0.8472 at 0.9937. In any case, medium term outlook will remain bullish as long as 0.8472 support holds.

In the long term picture, we’re holding on to the view that rise from 0.6935 (2015 low) is resuming the up trend from 0.5680 (2000 low). As long as 0.8472 support holds, further rise should be seen through 0.9305 to 0.9799 and above down the road.