Daily Pivots: (S1) 0.8427; (P) 0.8439; (R1) 0.8449; More….
Intraday bias in EUR/GBP remains neutral for the moment. Recovery from 0.8382 could extend higher. But outlook will stay bearish as long as 0.8498 resistance holds. Firm break of 0.8382 will resume larger down trend.
In the bigger picture, down trend from 0.9267 (2022 high) is in progress. Next target is 0.8201 key support (2022 low). For now, outlook will remain bearish as long as 0.8643 resistance holds, even in case of strong rebound.
