Intraday bias in EUR/GBP remains on the downside for the moment. Current down trend should target 100% projection of 0.8728 to 0.8453 from 0.8611 at 0.8336. Risk will now stay on the downside as long as 0.8476 resistance holds, in case of recovery.
In the bigger picture, rise from 0.8221 (2024 low) should have completed at 0.8863, just ahead of 38.2% retracement of 0.9267 (2025 high) to 0.8221 at 0.8867. Deeper fall would be seen back to 0.8221. For now, outlook will be stay bearish as long as 0.8611 resistance hold.
