Sun, Nov 18, 2018 @ 16:15 GMT

EUR/GBP Weekly Outlook

EUR/GBP’s strong rebound from 0.8655 suggests near term reversal on bullish convergence in daily MACD. Initial bias stays on the upside this week first. Break of 0.8939 resistance will target 0.9098 next. On the downside, below 0.8779 minor support will turn focus back to 0.8655 instead.

In the bigger picture, EUR/GBP is seen as staying in long term range pattern started at 0.9304 (2016 high). Medium term fall from 0.9305 is possibly in progress and could extend through 0.8620. On the upside, break of 0.8939 resistance is needed to indicate medium term reversal. Otherwise, outlook will remain cautiously bearish even in case of 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). Hence, after the consolidation from 0.9304 completes, we’d expect another medium term up trend through 0.9799 to 100% projection of 0.5680 to 0.9799 from 0.6935 at 1.1054.

- advertisement -

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8747; (P) 0.8819; (R1) 0.8941; More…

Intraday bias in EUR/GBP remains on the upside for 0.8939 resistance first. Firm break there will indicate completion of whole fall from 0.9098. In that case, further rally would be seen back to 0.9098. On the downside, below 0.8779 minor support will turn focus back to 0.8655 instead.

In the bigger picture, EUR/GBP is seen as staying in long term range pattern started at 0.9304 (2016 high). Medium term fall from 0.9305 is possibly in progress and could extend through 0.8620. On the upside, break of 0.8939 resistance is needed to indicate medium term reversal. Otherwise, outlook will remain cautiously bearish even in case of rebound.

- advertisement -

EUR/GBP Mid-Day Outlook

Daily Pivots: (S1) 0.8660; (P) 0.8709; (R1) 0.8757; More…

EUR/GBP’s strong rebound and break of 0.8773 minor resistance suggests short term bottoming at 0.8655. Intraday bias is turned back to the upside for 0.8939. Break there will indicate completion of whole fall from 0.9098. Further rise should be seen back to this resistance. On the downside, below 0.8773 resistance turn support will turn focus back to 0.8655 instead.

In the bigger picture, EUR/GBP is seen as staying in long term range pattern started at 0.9304 (2016 high). Medium term fall from 0.9305 is possibly in progress and could extend through 0.8620. On the upside, break of 0.8939 resistance is needed to indicate medium term reversal. Otherwise, outlook will remain cautiously bearish even in case of rebound.

- advertisement -

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8660; (P) 0.8709; (R1) 0.8757; More…

Intraday bias in EUR/GBP remains neutral for the moment. Further decline is expected as long as 0.8873 minor resistance holds. Break of 0.8655 will resume the whole fall from 0.9098 for 0.8620 support first. Break will target 100% projection of 0.9098 to 0.8722 from 0.8939 at 0.8563 next. However, break of 0.8773 minor resistance will turn focus back to 0.8939 resistance instead.

In the bigger picture, EUR/GBP is seen as staying in long term range pattern started at 0.9304 (2016 high). Medium term fall from 0.9305 is possibly in progress and could extend through 0.8620. On the upside, break of 0.8939 resistance is needed to indicate medium term reversal. Otherwise, outlook will remain cautiously bearish even in case of rebound.

- advertisement -

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8660; (P) 0.8702; (R1) 0.8748; More…

EUR/GBP dropped further to 0.8655 but recovered notably. Still, further decline is expected as long as 0.8773 minor resistance holds. Below 0.8665 will target 0.8620 support first. Break will target 100% projection of 0.9098 to 0.8722 from 0.8939 at 0.8563 next. However, break of 0.8773 minor resistance will turn focus back to 0.8939 resistance instead.

In the bigger picture, EUR/GBP is seen as staying in long term range pattern started at 0.9304 (2016 high). Medium term fall from 0.9305 is possibly in progress and could extend through 0.8620. On the upside, break of 0.8939 resistance is needed to indicate medium term reversal. Otherwise, outlook will remain cautiously bearish even in case of rebound.

- advertisement -

EUR/GBP Mid-Day Outlook

Daily Pivots: (S1) 0.8701; (P) 0.8738; (R1) 0.8766; More…

EUR/GBP’s break of 0.8690 temporary low indicates resumption of whole decline form 0.9098. Intraday bias is back on the downside for 0.8620 support first. Break will target 100% projection of 0.9098 to 0.8722 from 0.8939 at 0.8563 next. However, break of 0.8773 minor resistance will turn focus back to 0.8939 resistance instead.

In the bigger picture, EUR/GBP is seen as staying in long term range pattern started at 0.9304 (2016 high). Medium term fall from 0.9305 is possibly in progress and could extend through 0.8620. On the upside, break of 0.8939 resistance is needed to indicate medium term reversal. Otherwise, outlook will remain cautiously bearish even in case of rebound.

- advertisement -

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8701; (P) 0.8738; (R1) 0.8766; More…

EUR/GBP is staying in consolidation above 0.8690 and intraday bias remains neutral. Outlook remains unchanged too. As long as 0.8800 minor resistance holds, another fall is expected. On the downside, break of 0.8690 will extend whole fall from 0.9098 to 0.8620 support first. Break will target 100% projection of 0.9098 to 0.8722 from 0.8939 at 0.8563 next. However, break of 0.8800 will turn focus back to 0.8939 resistance instead.

In the bigger picture, EUR/GBP is seen as staying in long term range pattern started at 0.9304 (2016 high). Medium term fall from 0.9305 is possibly in progress and could extend through 0.8620. On the upside, break of 0.8939 resistance is needed to indicate medium term reversal. Otherwise, outlook will remain cautiously bearish even in case of rebound.

- advertisement -

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8704; (P) 0.8725; (R1) 0.8759; More…

Intraday bias in EUR/GBP remains neutral for consolidation above 0.8690 temporary low. As long as 0.8800 minor resistance holds, another fall is expected. On the downside, break of 0.8690 will extend whole fall from 0.9098 to 0.8620 support first. Break will target 100% projection of 0.9098 to 0.8722 from 0.8939 at 0.8563 next. However, break of 0.8800 will turn focus back to 0.8939 resistance instead.

In the bigger picture, EUR/GBP is seen as staying in long term range pattern started at 0.9304 (2016 high). Medium term fall from 0.9305 is possibly in progress and could extend through 0.8620. On the upside, break of 0.8939 resistance is needed to indicate medium term reversal. Otherwise, outlook will remain cautiously bearish even in case of rebound.

- advertisement -

EUR/GBP Weekly Outlook

EUR/GBP dropped to as low as 0.8690 last week and break of 0.8772 indicate resumption of decline from 0.9098. With a temporary low in place at 0.8690, initial bias is neutral this week first. As long as 0.8800 minor resistance holds, another fall is expected. On the downside, break of 0.8690 will extend whole fall from 0.9098 to 0.8620 support first. Break will target 100% projection of 0.9098 to 0.8722 from 0.8939 at 0.8563 next. However, break of 0.8800 will turn focus back to 0.8939 resistance instead.

In the bigger picture, EUR/GBP is seen as staying in long term range pattern started at 0.9304 (2016 high). Medium term fall from 0.9305 is possibly in progress and could extend through 0.8620. On the upside, break of 0.8939 resistance is needed to indicate medium term reversal. Otherwise, outlook will remain cautiously bearish even in case of 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). Hence, after the consolidation from 0.9304 completes, we’d expect another medium term up trend through 0.9799 to 100% projection of 0.5680 to 0.9799 from 0.6935 at 1.1054.

- advertisement -

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8688; (P) 0.8719; (R1) 0.8734; More…

Intraday bias in EUR/GBP remains neutral for consolidation above 0.8690 temporary low. As long as 0.8800 minor resistance holds, another fall is expected. Break of 0.8690 will extend whole fall from 0.9098 to 0.8620 support first. Break will target 100% projection of 0.9098 to 0.8722 from 0.8939 at 0.8563 next. However, break of 0.8800 will turn focus back to 0.8939 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, 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.

- advertisement -

EUR/GBP Mid-Day Outlook

Daily Pivots: (S1) 0.8688; (P) 0.8719; (R1) 0.8734; More…

Intraday bias in EUR/GBP is turned neutral with 4 hour MACD crossed above signal line. Some consolidations would be seen first. But as long as 0.8800 minor resistance holds, another fall is expected. Break of 0.8690 will extend whole fall from 0.9098 to 0.8620 support first. Break will target 100% projection of 0.9098 to 0.8722 from 0.8939 at 0.8563 next. However, break of 0.8800 will turn focus back to 0.8939 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, 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.

- advertisement -

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8688; (P) 0.8719; (R1) 0.8734; More…

Intraday bias in EUR/GBP remains on the downside. Current decline from 0.9098 should target 0.8620 support first. Break will target 100% projection o f0.9098 to 0.8722 from 0.8939 at 0.8563 next. On the upside, break of 0.8800 minor resistance is needed to indicate short term bottoming. Otherwise, near term 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). 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.

- advertisement -

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8701; (P) 0.8729; (R1) 0.8747; More…

Intraday bias in EUR/GBP remains on the downside for the moment. Break of 0.8722 indicates resumption of whole decline from 0.9097. Further fall should be seen to 0.8620 support next. ON the upside, break of 0.8800 minor resistance is needed to indicate short term bottoming. Otherwise, near term 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). 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.

- advertisement -

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8730; (P) 0.8753; (R1) 0.8768; More…

Intraday bias in EUR/GBP remains on the downside for 0.8722 support. Break there will resume whole decline from 0.9097 and target 0.8620 support next. On the upside, above 0.8800 minor resistance will turn intraday bias neutral first. But another fall is in favor as long as 0.8939 resistance holds.

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.

- advertisement -

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8765; (P) 0.8785; (R1) 0.8802; More…

Intraday bias in EUR/GBP remains on the downside with 0.8804 minor resistance intact. Further fall should be seen to 0.8722 first. Break there will resume whole decline from 0.9097 and target 0.8620 support next. On the upside, above 0.8864 minor resistance will turn intraday bias neutral first. But another fall is in favor as long as 0.8804 minor resistance holds.

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.

- advertisement -

EUR/GBP Weekly Outlook

EUR/GBP edged higher to 0.8939 last week but reversed and fell sharply since then. Initial bias stays on the downside this week for 0.8722 support first. Break will resume the whole fall from 0.9097 and target 0.8620 support next. On the upside, above 0.8864 minor resistance will turn intraday bias neutral first. But another fall is in favor as long as 0.8804 minor resistance holds.

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.

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). Hence, after the consolidation from 0.9304 completes, we’d expect another medium term up trend through 0.9799 to 100% projection of 0.5680 to 0.9799 from 0.6935 at 1.1054.

 

- advertisement -

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8734; (P) 0.8801; (R1) 0.8844; More…

Intraday bias in EUR/GBP remains on the downside for 0.8722 support first. Break there will resume whole decline from 0.9097 and target 0.8620 support next. On the upside, above 0.8864 minor resistance will turn intraday bias neutral first. But another fall is in favor as long as 0.8804 minor resistance holds.

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.

- advertisement -

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8826; (P) 0.8880; (R1) 0.8916; More…

Intraday bias in EUR/GBP remains on the downside at this point. As noted before, rebound from 0.8722 has possibly completed at 0.8939, just ahead of 61.8% retracement of 0.9097 to 0.8722 at 0.8954. Deeper decline would be seen for 0.8722 low first. On the upside, above 0.8864 minor resistance will turn intraday bias neutral first. But further fall is in favor as long as 0.8939 resistance holds.

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.

- advertisement -

EUR/GBP Mid-Day Outlook

Daily Pivots: (S1) 0.8887; (P) 0.8915; (R1) 0.8954; More…

EUR/GBP’s sharp decline and break of 0.8868 minor support argues that rebound from 0.8722 has possibly completed at 0.8939. That came just ahead of 61.8% retracement of 0.9097 to 0.8722 at 0.8954. Intraday bias is turned back to the downside for 0.8722 low first. On the upside, though, above 0.8939 will extend the rebound through 0.8954 to 0.8994 resistance 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, 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.

- advertisement -

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8887; (P) 0.8915; (R1) 0.8954; More…

Intraday bias in EUR/GBP remains on the upside as rebound from 0.8722 is in progress. Further rise would be seen to 61.8% retracement of 0.9097 to 0.8722 at 0.8954 and above. On the downside, however, break of 0.8868 minor support will argue that the rebound might have completed. Intraday bias will then be turned back to the downside for 0.8722 low.

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.

- advertisement -
- advertisement -