Wed, Mar 27, 2019 @ 02:32 GMT

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8544; (P) 0.8571; (R1) 0.8599; More…

Intraday bias in EUR/GBP remains neutral for consolidation above 0.8474 low. On the downside, break of 0.8474 low will resume recent down trend and target 0.8416 long term projection next. On the upside, though, break of 0.8722 will resume the rebound from 0.8474 to 0.8840 resistance first.

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 could extend to 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.

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EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8499; (P) 0.8591; (R1) 0.8650; More…

Intraday bias in EUR/GBP remains neutral at this point and more consolidation could be seen above 0.8474 low. On the downside, break of 0.8474 low will resume recent down trend and target 0.8416 long term projection next. On the upside, though, break of 0.8722 will resume the rebound from 0.8474 to 0.8840 resistance first.

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 could extend to 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.

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EUR/GBP Weekly Outlook

EUR/GBP rebounded to as high as 0.8722 last week. But it was rejected by 55 day EMA and quickly reversed. Initial bias is neutral this week first for some consolidative trading. On the downside, break of 0.8474 low will resume recent down trend and target 0.8416 long term projection next. On the upside, though, break of 0.8722 will resume the rebound from 0.8474 to 0.8840 resistance first.

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 could extend to 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 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.

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EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8636; (P) 0.8680; (R1) 0.8722; More…

EUR/GBP breached 0.8676 resistance to 0.8722 but failed to sustain gains. Intraday bias is turned neutral first. A short term bottom could be formed at 0.8474 already. Above 0.8722 will extend the rebound to 0.8840 resistance and above. However, break of 0.8474 will resume larger down trend to 0.8416 long term projection 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.

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EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8578; (P) 0.8623; (R1) 0.8695; More…

EUR/GBP is staying in range of 0.8474/8676 and intraday bias remains neutral first. 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.

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EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8538; (P) 0.8554; (R1) 0.8575; More…

Intraday bias in EUR/GBP remains neutral as consolidation from 0.8474 is in progress. More sideway trading could be seen. But with 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.

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EUR/GBP Daily Outlook

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.

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EUR/GBP Daily Outlook

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.

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EUR/GBP Weekly Outlook

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.

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EUR/GBP Daily Outlook

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.

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EUR/GBP Daily Outlook

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.

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EUR/GBP Daily Outlook

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.

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EUR/GBP Mid-Day Outlook

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.

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EUR/GBP Daily Outlook

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.

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EUR/GBP Daily Outlook

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.

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EUR/GBP Weekly Outlook

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.

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EUR/GBP Daily Outlook

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.

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EUR/GBP Daily Outlook

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.

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EUR/GBP Daily Outlook

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.

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EUR/GBP Daily Outlook

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.

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