Daily Pivots: (S1) 0.8510; (P) 0.8553; (R1) 0.8595; More…

EUR/GBP is staying in consolidation from 0.8474 and intraday bias remains neutral at this point. With 0.8676 resistance intact, further decline is expected. Firm break of 0.8474 will resume larger down trend to 0.8416 long term projection next. However, on the upside, decisive break of 0.8676 will indicate short term reversal and bring further rise to 0.8840 resistance.

In the bigger picture, EUR/GBP is seen as staying in long term range pattern started at 0.9304 (2016 high). Current fall from 0.9305 (2017 high), is a falling leg inside the pattern. Such decline is now targeting 100% projection of 0.9305 to 0.8620 from 0.9101 at 0.8416 and possibly below. But for now, we’d expect strong support around 0.8312 support to contain downside and bring rebound.

Daily Pivots: (S1) 0.8494; (P) 0.8535; (R1) 0.8560; More…

Intraday bias in EUR/GBP remains neutral as it’s staying in consolidation from 0.8474. As long as 0.8676 resistance holds, further decline is expected. Firm break of 0.8474 will resume larger down trend to 0.8416 long term projection next. However, on the upside, decisive break of 0.8676 will indicate short term reversal and bring further rise to 0.8840 resistance.

In the bigger picture, EUR/GBP is seen as staying in long term range pattern started at 0.9304 (2016 high). Current fall from 0.9305 (2017 high), is a falling leg inside the pattern. Such decline is now targeting 100% projection of 0.9305 to 0.8620 from 0.9101 at 0.8416 and possibly below. But for now, we’d expect strong support around 0.8312 support to contain downside and bring rebound.

EUR/GBP dropped to 0.8474 last week but turned sideway since then. Initial bias is neutral this week for some more consolidation first. As long as 0.8676 resistance holds, further decline is expected. Firm break of 0.8474 will resume larger down trend to 0.8416 long term projection next. However, on the upside, decisive break of 0.8676 will indicate short term reversal and bring further rise to 0.8840 resistance.

In the bigger picture, EUR/GBP is seen as staying in long term range pattern started at 0.9304 (2016 high). Current fall from 0.9305 (2017 high), is a falling leg inside the pattern. Such decline is now targeting 100% projection of 0.9305 to 0.8620 from 0.9101 at 0.8416 and possibly below. But for now, we’d expect strong support around 0.8312 support to contain downside and bring rebound.

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 050% retracement of 0.6935 to 0.9304 at 0.8120 holds, further rise should be seen through 0.9305 to 0.9799 and above down the road.

Daily Pivots: (S1) 0.8498; (P) 0.8530; (R1) 0.8569; More…

EUR/USD is staying in range of 0.8474/8676 and intraday bias remains neutral. Further decline is expected as long as 0.8676 resistance holds. On the downside, break of 0.8474 will resume larger down trend to 0.8416 long term projection next. However, firm break of 0.8676 resistance will indicate short term reversal and bring further rise to 0.8840 resistance.

In the bigger picture, EUR/GBP is seen as staying in long term range pattern started at 0.9304 (2016 high). Current fall from 0.9305 (2017 high), is a falling leg inside the pattern. Such decline is now targeting 100% projection of 0.9305 to 0.8620 from 0.9101 at 0.8416 and possibly below. But for now, we’d expect strong support around 0.8312 support to contain downside and bring rebound.

Daily Pivots: (S1) 0.8428; (P) 0.8536; (R1) 0.8601; More…

EUR/GBP is staying in range of 0.8474/8676 despite brief breach of 0.8474. Intraday bias remains neutral first. Also, further decline is expected as long as 0.8676 resistance holds. On the downside, break of 0.8474 will resume larger down trend to 0.8416 long term projection next. However, firm break of 0.8676 resistance will indicate short term reversal and bring further rise to 0.8840 resistance.

In the bigger picture, EUR/GBP is seen as staying in long term range pattern started at 0.9304 (2016 high). Current fall from 0.9305 (2017 high), is a falling leg inside the pattern. Such decline is now targeting 100% projection of 0.9305 to 0.8620 from 0.9101 at 0.8416 and possibly below. But for now, we’d expect strong support around 0.8312 support to contain downside and bring rebound.

Daily Pivots: (S1) 0.8522; (P) 0.8588; (R1) 0.8701; More…

Intraday bias in EUR/GBP remains neutral at this point. On the downside, break of 0.8474 will resume larger down trend to 0.8416 long term projection next. However, firm break of 0.8676 resistance will indicate short term reversal and bring further rise to 0.8840 resistance.

In the bigger picture, EUR/GBP is seen as staying in long term range pattern started at 0.9304 (2016 high). Current fall from 0.9305 (2017 high), is a falling leg inside the pattern. Such decline is now targeting 100% projection of 0.9305 to 0.8620 from 0.9101 at 0.8416 and possibly below. But for now, we’d expect strong support around 0.8312 support to contain downside and bring rebound.

Daily Pivots: (S1) 0.8497; (P) 0.8587; (R1) 0.8640; More…

EUR/GBP recovers strongly after hitting 0.8474 and intraday bias is turned neutral again. On the downside, break of 0.8474 will resume larger down trend to 0.8416 long term projection next. On the upside, break of 0.8676 resistance is needed to indicate short term bottoming. Otherwise, outlook will remain bearish in case of recovery.

In the bigger picture, EUR/GBP is seen as staying in long term range pattern started at 0.9304 (2016 high). Current fall from 0.9305 (2017 high), is a falling leg inside the pattern. Such decline is now targeting 100% projection of 0.9305 to 0.8620 from 0.9101 at 0.8416 and possibly below. But for now, we’d expect strong support around 0.8312 support to contain downside and bring rebound.

Daily Pivots: (S1) 0.8497; (P) 0.8587; (R1) 0.8640; More…

EUR/GBP drops sharply to as low as 0.8474 so far. The break of 0.8529 confirms resumption of recent decline. Intraday bias is back to the downside for 0.8416 long term projection next. On the upside, break of 0.8676 resistance is needed to indicate short term bottoming. Otherwise, outlook will remain bearish in case of recovery.

In the bigger picture, EUR/GBP is seen as staying in long term range pattern started at 0.9304 (2016 high). Current fall from 0.9305 (2017 high), is a falling leg inside the pattern. Such decline is now targeting 100% projection of 0.9305 to 0.8620 from 0.9101 at 0.8416 and possibly below. But for now, we’d expect strong support around 0.8312 support to contain downside and bring rebound.

Daily Pivots: (S1) 0.8567; (P) 0.8612; (R1) 0.8675; More…

Intraday bias in EUR/GBP remains neutral as consolidation from 0.8529 is extending. In case of stronger recovery, upside should be limited well below 0.8840 resistance to bring fall resumption. On the downside, break of 0.8529 will target long term projection target at 0.8416 next.

In the bigger picture, EUR/GBP is seen as staying in long term range pattern started at 0.9304 (2016 high). Current fall from 0.9305 (2017 high), is a falling leg inside the pattern. Such decline is now targeting 100% projection of 0.9305 to 0.8620 from 0.9101 at 0.8416 and possibly below. But for now, we’d expect strong support around 0.8312 support to contain downside and bring rebound.

EUR/GBP stayed in consolidation from 0.8529 last week and outlook is unchanged. Initial bias remains neutral this week for some more consolidation. In case of stronger recovery, upside should be limited well below 0.8840 resistance to bring fall resumption. On the downside, break of 0.8529 will target long term projection target at 0.8416 next.

In the bigger picture, EUR/GBP is seen as staying in long term range pattern started at 0.9304 (2016 high). Current fall from 0.9305 (2017 high), is a falling leg inside the pattern. Such decline is now targeting 100% projection of 0.9305 to 0.8620 from 0.9101 at 0.8416 and possibly below. But for now, we’d expect strong support around 0.8312 support to contain downside and bring rebound.

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 050% retracement of 0.6935 to 0.9304 at 0.8120 holds, further rise should be seen through 0.9305 to 0.9799 and above down the road.

Daily Pivots: (S1) 0.8521; (P) 0.8573; (R1) 0.8609; More…

EUR/GBP was rejected by 4 hour 55 EMA but it’s holding above 0.8529 temporary low. Intraday bias remains neutral first. In case of further recovery, upside should be limited well below 0.8840 resistance to bring fall resumption. On the downside, break of 0.8529 will target long term projection target at 0.8416 next.

In the bigger picture, EUR/GBP is seen as staying in long term range pattern started at 0.9304 (2016 high). Current fall from 0.9305 (2017 high), is seen a a falling leg inside the pattern. Such decline is now targeting 100% projection of 0.9305 to 0.8620 from 0.9101 at 0.8416 and possibly below. But for now, we’d expect strong support around 0.8312 support to contain downside and bring rebound.

Daily Pivots: (S1) 0.8567; (P) 0.8594; (R1) 0.8612; More…

EUR/GBP is staying in consolidation from 0.8529 temporary low and intraday bias remains neutral. In case of further recovery, upside should be limited well below 0.8840 resistance to bring fall resumption. On the downside, break of 0.8529 will target long term projection target at 0.8416 next.

In the bigger picture, EUR/GBP is seen as staying in long term range pattern started at 0.9304 (2016 high). Current fall from 0.9305 (2017 high), is seen a a falling leg inside the pattern. Such decline is now targeting 100% projection of 0.9305 to 0.8620 from 0.9101 at 0.8416 and possibly below. But for now, we’d expect strong support around 0.8312 support to contain downside and bring rebound.

Daily Pivots: (S1) 0.8556; (P) 0.8601; (R1) 0.8626; More…

Intraday bias in EUR/GBP remains neutral as consolidation from 0.8529 temporary low is extending. In case of further recovery, upside should be limited well below 0.8840 resistance to bring fall resumption. On the downside, break of 0.8529 will target long term projection target at 0.8416 next.

In the bigger picture, EUR/GBP is seen as staying in long term range pattern started at 0.9304 (2016 high). Current fall from 0.9305 (2017 high), is seen a a falling leg inside the pattern. Such decline is now targeting 100% projection of 0.9305 to 0.8620 from 0.9101 at 0.8416 and possibly below. But for now, we’d expect strong support around 0.8312 support to contain downside and bring rebound.

Daily Pivots: (S1) 0.8568; (P) 0.8590; (R1) 0.8624; More…

EUR/GBP is staying in consolidation above 0.8529 temporary low. Intraday bias remains neutral first. In case of further recovery, upside should be limited well below 0.8840 resistance to bring fall resumption. On the downside, break of 0.8529 will target long term projection target at 0.8416 next.

In the bigger picture, EUR/GBP is seen as staying in long term range pattern started at 0.9304 (2016 high). Current fall from 0.9305 (2017 high), is seen a a falling leg inside the pattern. Such decline is now targeting 100% projection of 0.9305 to 0.8620 from 0.9101 at 0.8416 and possibly below. But for now, we’d expect strong support around 0.8312 support to contain downside and bring rebound.

Daily Pivots: (S1) 0.8573; (P) 0.8599; (R1) 0.8631; More…

Intraday bias in EUR/GBP remains neutral for consolidation above 0.8529 temporary low. In case of further recovery, upside should be limited well below 0.8840 resistance to bring fall resumption. On the downside, break of 0.8529 will target long term projection target at 0.8416 next.

In the bigger picture, EUR/GBP is seen as staying in long term range pattern started at 0.9304 (2016 high). Current fall from 0.9305 (2017 high), is seen a a falling leg inside the pattern. Such decline is now targeting 100% projection of 0.9305 to 0.8620 from 0.9101 at 0.8416 and possibly below. But for now, we’d expect strong support around 0.8312 support to contain downside and bring rebound.

EUR/GBP dropped sharp to 0.8529 last week and took out 0.8620 key support. The development suggests resumption larger decline from 0.9305. As a temporary low is in place, initial bias is neutral this week for some consolidations first. Upside of recovery should be limited well below 0.8840 resistance to bring fall resumption. On the downside, break of 0.8529 will target long term projection target at 0.8416 next.

In the bigger picture, EUR/GBP is seen as staying in long term range pattern started at 0.9304 (2016 high). Current fall from 0.9305 (2017 high), is seen a a falling leg inside the pattern. Such decline is now targeting 100% projection of 0.9305 to 0.8620 from 0.9101 at 0.8416 and possibly below. But for now, we’d expect strong support around 0.8312 support to contain downside and bring rebound.

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 050% retracement of 0.6935 to 0.9304 at 0.8120 holds, further rise should be seen through 0.9305 to 0.9799 and above down the road.

Daily Pivots: (S1) 0.8547; (P) 0.8567; (R1) 0.8594; More…

A temporary low is in place at 0.8529 in EUR/GBP with current recovery. Intraday bias is turned neutral first. Upside of recovery should be limited below 0.8840 resistance to bring another decline. On the downside, break of 0.8529 will resume the fall from 0.9101 and target long term projection target at 0.8416 next.

In the bigger picture, EUR/GBP is seen as staying in long term range pattern started at 0.9304 (2016 high). On the downside, decisive break of 0.8620 support resumed the falling leg from 0.9305 (2017 high). Next target is 100% projection of 0.9305 to 0.8620 from 0.9101 at 0.8416. In this case, we’d expect strong support around 0.8312 to contain downside and bring rebound.

Daily Pivots: (S1) 0.8512; (P) 0.8560; (R1) 0.8590; More…

Intraday bias in EUR/GBP remains on the downside at this point. Sustained break of 61.8% projection of 0.9101 to 0.8617 from 0.8840 at 0.8541 will pave the way to long term projection target at 0.8416 next. On the upside, above 0.8596 minor resistance will turn intraday bias neutral and bring consolidation, before staging another fall.

In the bigger picture, EUR/GBP is seen as staying in long term range pattern started at 0.9304 (2016 high). On the downside, decisive break of 0.8620 support resumed the falling leg from 0.9305 (2017 high). Next target is 100% projection of 0.9305 to 0.8620 from 0.9101 at 0.8416. In this case, we’d expect strong support around 0.8312 to contain downside and bring rebound.

Daily Pivots: (S1) 0.8549; (P) 0.8611; (R1) 0.8659; More…

EUR/GBP’s decline accelerates to as low as 0.8540 so far. 61.8% projection of 0.9101 to 0.8617 from 0.8840 at 0.8541 is already met but there is no sign of bottoming. Intraday bias remains on the downside for long term projection target at 0.8416 next. On the upside, above 0.8596 minor resistance will turn intraday bias neutral and bring consolidation, before staging another fall.

In the bigger picture, EUR/GBP is seen as staying in long term range pattern started at 0.9304 (2016 high). On the downside, decisive break of 0.8620 support resumed the falling leg from 0.9305 (2017 high). Next target is 100% projection of 0.9305 to 0.8620 from 0.9101 at 0.8416. In this case, we’d expect strong support around 0.8312 to contain downside and bring rebound.

Daily Pivots: (S1) 0.8549; (P) 0.8611; (R1) 0.8659; More…

Intraday bias in EUR/GBP remains on the downside at this point. Current decline is targeting 61.8% projection of 0.9101 to 0.8617 from 0.8840 at 0.8541. Break there will target 0.8416 projection level next. On the upside, break of 0.8653 minor resistance will turn intraday bias neutral first. But recovery should be limited well below 0.8840 resistance to bring another decline.

In the bigger picture, EUR/GBP is seen as staying in long term range pattern started at 0.9304 (2016 high). On the downside, decisive break of 0.8620 support will resume the falling leg from 0.9305 (2017 high) to 100% projection of 0.9305 to 0.8620 from 0.9101 at 0.8416. In that case, we’d expect strong support around 0.8312 to contain downside and bring rebound.