Daily Pivots: (S1) 0.8869; (P) 0.8889; (R1) 0.8909; More…
EUR/GBP’s rebound form 0.8722 is still in progress. Intraday bias stays on the upside for On the downside, break of 0.8825 minor support will suggest that the choppy corrective rebound is completed. And, intraday bias will be turned back to the downside for 0.8722 and possibly below.
In the bigger picture, EUR/GBP is seen as staying in long term range pattern started at 0.9304 (2016 high). On the downside, break of 0.8722 will extend the falling leg through 0.8620 support. On the upside, break of 0.9097 will target 0.9304 resistance instead.
