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.

Daily Pivots: (S1) 0.8657; (P) 0.8679; (R1) 0.8696; More…

EUR/GBP drops sharply to as low as 0.8588 so far today. The break of 0.8617/20 key support zone suggests resumption of larger decline from 0.9305. Intraday bias stays on the downside. Next target will be 61.8% projection of 0.9101 to 0.8617 from 0.8840 at 0.8541. On the upside, break of 0.8666 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.

Daily Pivots: (S1) 0.8657; (P) 0.8679; (R1) 0.8696; More…

EUR/GBP’s fall fro 0.8840 resumed after brief consolidation and reaches as low as 0.8629 so far. Intraday bias is back on the downside for 0.8617/20 key support zone. Decisive break there will resume larger decline from 0.9305. On the upside, above 0.8728 minor resistance will turn bias to the upside for 0.8840 resistance instead.

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.

Daily Pivots: (S1) 0.8661; (P) 0.8695; (R1) 0.8718; More…

Intraday bias in EUR/GBP remains neutral first. Current development suggests that corrective rise from 0.8617 might have completed already. Break of 0.8666 will target 0.8617/20 key support zone. Decisive break there will resume larger down trend. On the upside, above 0.8762 minor resistance will turn bias to the upside for 0.8840 resistance instead.

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.

EUR/GBP’s decline from 0.8840 extended to as low as 0.8660 last week before recovering slightly. The development argues that corrective rise from 0.8617 might have completed already. Initial bias is neutral this week first with deeper decline is favor. Break of 0.8666 will target 0.8617/20 key support zone. Decisive break there will resume larger down trend. On the upside, above 0.8762 minor resistance will turn bias to the upside for 0.8840 resistance instead.

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.

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 0.8116 cluster support (50% 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) 0.8668; (P) 0.8687; (R1) 0.8709; More…

Intraday bias in EUR/GBP is turned neutral with 4 hour MACD crossed above signal line. On the downside, below 0.8666 will target 0.8617/20 key support zone. We’d look for strong support from there to bring rebound. On the upside, above 0.8762 minor resistance will turn bias back to the upside. Further break of 0.8440 will extend the rebound to 61.8% retracement of 0.9101 to 0.8617 at 0.8916 instead.

In the bigger picture, EUR/GBP is seen as staying in long term range pattern started at 0.9304 (2016 high). The medium term range is set between 0.8620 and 0.9101. Downside breakout of 0.8620 will pave the way back to 0.8312 support . Break of 0.9101 will bring retest of 0.9304/5 resistance.

Daily Pivots: (S1) 0.8669; (P) 0.8692; (R1) 0.8711; More…

At this point, further decline could still be seen in EUR/GBP towards 0.8617/20 key support zone. We’d look for strong support from there to bring rebound. On the upside, above 0.8762 minor resistance will turn bias back to the upside. Further break of 0.8440 will extend the rebound to 61.8% retracement of 0.9101 to 0.8617 at 0.8916 instead.

In the bigger picture, EUR/GBP is seen as staying in long term range pattern started at 0.9304 (2016 high). The medium term range is set between 0.8620 and 0.9101. Downside breakout of 0.8620 will pave the way back to 0.8312 support . Break of 0.9101 will bring retest of 0.9304/5 resistance.

Daily Pivots: (S1) 0.8649; (P) 0.8706; (R1) 0.8741; More…

EUR/GBP recovers after hitting 0.8672 but outlook is unchanged. Rebound from 0.8617 could have completed at 0.8840 already. Deeper fall is mildly in favor back to 0.8617/20 key support zone. On the upside, above 0.8762 minor resistance will turn bias back to the upside. Further break of 0.8440 will extend the rebound to 61.8% retracement of 0.9101 to 0.8617 at 0.8916 instead.

In the bigger picture, EUR/GBP is seen as staying in long term range pattern started at 0.9304 (2016 high). The medium term range is set between 0.8620 and 0.9101. Downside breakout of 0.8620 will pave the way back to 0.8312 support . Break of 0.9101 will bring retest of 0.9304/5 resistance.

Daily Pivots: (S1) 0.8738; (P) 0.8754; (R1) 0.8765; More…

EUR/GBP’s break of 0.8728 minor support suggests completion of rebound from 0.8617. Intraday bias is turned back to the downside for 0.8617/20 key support zone. On the upside, break of 0.8840 will extend the rebound to 61.8% retracement of 0.9101 to 0.8617 at 0.8916 instead.

In the bigger picture, EUR/GBP is seen as staying in long term range pattern started at 0.9304 (2016 high). The medium term range is set between 0.8620 and 0.9101. Downside breakout of 0.8620 will pave the way back to 0.8312 support . Break of 0.9101 will bring retest of 0.9304/5 resistance.

Daily Pivots: (S1) 0.8738; (P) 0.8754; (R1) 0.8765; More…

Intraday bias in EUR/GBP remains neutral and outlook is unchanged. With 0.8728 support intact, further rally is in favor. On the upside, break of 0.8840 will extend the rebound from 0.8617 to 61.8% retracement of 0.9101 to 0.8617 at 0.8916. Break will pave the way back to 0.9101 key resistance. On the downside, however, firm break of 0.8728 will argue that rebound from 0.8617 has completed. Intraday bias will be turned back to the downside for this low.

In the bigger picture, EUR/GBP is seen as staying in long term range pattern started at 0.9304 (2016 high). The medium term range is set between 0.8620 and 0.9101. Downside breakout of 0.8620 will pave the way back to 0.8312 support . Break of 0.9101 will bring retest of 0.9304/5 resistance.

Daily Pivots: (S1) 0.8727; (P) 0.8780; (R1) 0.8814; More…

Intraday bias in EUR/GBP remains neutral at this point. As long as 0.8728 support holds, further rise is still in favor. On the upside, break of 0.8840 will extend the rebound from 0.8617 to 61.8% retracement of 0.9101 to 0.8617 at 0.8916. Break will pave the way back to 0.9101 key resistance. On the downside, however, firm break of 0.8728 will argue that rebound from 0.8617 has completed. Intraday bias will be turned back to the downside for this low.

In the bigger picture, EUR/GBP is seen as staying in long term range pattern started at 0.9304 (2016 high). The medium term range is set between 0.8620 and 0.9101. Downside breakout of 0.8620 will pave the way back to 0.8312 support . Break of 0.9101 will bring retest of 0.9304/5 resistance.

EUR/GBP edged higher to 0.8840 last week but quickly retreated. Initial bias is turned neutral this week first. As long as 0.8728 support holds, further rise is still in favor. On the upside, break of 0.8840 will extend the rebound from 0.8617 to 61.8% retracement of 0.9101 to 0.8617 at 0.8916. Break will pave the way back to 0.9101 key resistance. On the downside, however, firm break of 0.8728 will argue that rebound from 0.8617 has completed. Intraday bias will be turned back to the downside for this low.

In the bigger picture, EUR/GBP is seen as staying in long term range pattern started at 0.9304 (2016 high). The medium term range is set between 0.8620 and 0.9101. Downside breakout of 0.8620 will pave the way back to 0.8312 support . Break of 0.9101 will bring retest of 0.9304/5 resistance.

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 0.8116 cluster support (50% 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) 0.8773; (P) 0.8808; (R1) 0.8859; More…

EUR/GBP retreats notably after hitting 0.8840. But intraday bias stays on the upside as rebound from 0.8617 is seen as in progress. Further rise should be seen to 61.8% retracement of 0.9101 to 0.8617 at 0.8916. Break will pave the way back to 0.9101 key resistance. On the downside, break of 0.8743 support is needed to indicate completion of the rebound. Otherwise, near term outlook will stay cautiously bullish in case of retreat.

In the bigger picture, EUR/GBP is seen as staying in long term range pattern started at 0.9304 (2016 high). The medium term range is set between 0.8620 and 0.9101. Downside breakout of 0.8620 will pave the way back to 0.8312 support . Break of 0.9101 will bring retest of 0.9304/5 resistance.

Daily Pivots: (S1) 0.8742; (P) 0.8769; (R1) 0.8794; More…

EUR/GBP’s break of 0.8821 confirms resumption of rise from 0.8617. Intraday bias is back on the upside for 61.8% retracement of 0.9101 to 0.8617 at 0.8916. Break will pave the way back to 0.9101 key resistance. On the downside, break of 0.8743 support is needed to indicate completion of the rebound. Otherwise, near term outlook will stay cautiously bullish in case of retreat.

In the bigger picture, EUR/GBP is seen as staying in long term range pattern started at 0.9304 (2016 high). The medium term range is set between 0.8620 and 0.9101. Downside breakout of 0.8620 will pave the way back to 0.8312 support . Break of 0.9101 will bring retest of 0.9304/5 resistance.

Daily Pivots: (S1) 0.8742; (P) 0.8769; (R1) 0.8794; More…

EUR/GBP is staying in consolidation below 0.8821 temporary top and intraday bias remains neutral. Further rise is expected as long as 0.8711 minor support holds. On the upside, sustained break 38.2% retracement of 0.9101 to 0.8617 of 0.8802 will target 61.8% retracement at 0.8916. However, break of 0.8711 will suggest that rebound from 0.8617 has completed. Intraday bias will be turned back to the downside for 0.8617/20 support instead.

In the bigger picture, EUR/GBP is seen as staying in long term range pattern started at 0.9304 (2016 high). The medium term range is set between 0.8620 and 0.9101. Downside breakout of 0.8620 will pave the way back to 0.8312 support . Break of 0.9101 will bring retest of 0.9304/5 resistance.