Tue, Oct 20, 2020 @ 17:04 GMT

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.9043; (P) 0.9070; (R1) 0.9118; More…

Intraday bias in EUR/GBP remains neutral for now and outlook is unchanged. Fall from 0.9291 is a corrective move. Below 0.9007 will extend it lower but downside should be contained above 0.8866 support to bring rebound. On the upside, above 0.9162 resistance will turn bias to the upside for 0.9291 resistance first.

In the bigger picture, at this point, we’re seeing the price actions from 0.9499 as developing into a corrective pattern. That is, up trend from 0.6935 (2015 low) would resume at a later stage. This will remain the favored case as long as 0.8276 support holds. Decisive break of 0.9499 will target 0.9799 (2008 high).

- advertisement -

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.9043; (P) 0.9077; (R1) 0.9109; More…

Intraday bias in EUR/GBP remains neutral at this point. Break of 0.9007 will extend the corrective fall from 0.9291. But downside should be contained above 0.8866 support to bring rebound. On the upside, above 0.9162 resistance will turn bias to the upside for 0.9291 resistance first.

In the bigger picture, at this point, we’re seeing the price actions from 0.9499 as developing into a corrective pattern. That is, up trend from 0.6935 (2015 low) would resume at a later stage. This will remain the favored case as long as 0.8276 support holds. Decisive break of 0.9499 will target 0.9799 (2008 high).

- advertisement -

EUR/GBP Weekly Outlook

EUR/GBP edged lower to 0.9007 last week but recovered quickly again. Initial bias remains neutral this week first. The structure of the fall from 0.9291, as well as weak downside momentum as seen in 4 hour MACD, suggest that it’s merely a corrective move. That is, rise form 0.8670 isn’t completed yet. Break of 0.9162 will turn bias to the upside for 0.9291 resistance first. Break of 0.9007 would extend the decline but downside should be contained above 0.8866 support to bring rebound.

In the bigger picture, at this point, we’re seeing the price actions from 0.9499 as developing into a corrective pattern. That is, up trend from 0.6935 (2015 low) would resume at a later stage. This will remain the favored case as long as 0.8276 support holds. Decisive break of 0.9499 will target 0.9799 (2008 high).

In the long term picture, rise from 0.6935 (2015 low) is still in progress. It could be resuming long term up trend from 0.5680 (2000 low). Break of 0.9799 (2008 high) is expected down the road, as long as 0.8276 support holds.

- advertisement -

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.9034; (P) 0.9056; (R1) 0.9095; More…

At this point, choppy fall from 0.9291 is still expected to continue as long as 0.9162 resistance holds. Next target is 0.8866 support. On the upside, break of 0.9126 will suggest that pull back from 0.9291 has completed. Intraday bias will be turned back to the upside to resume larger rise from 0.8670 through 0.9291.

In the bigger picture, at this point, we’re seeing the price actions from 0.9499 as developing into a corrective pattern. That is, up trend from 0.6935 (2015 low) would resume at a later stage. This will remain the favored case as long as 0.8276 support holds. Decisive break of 0.9499 will target 0.9799 (2008 high).

- advertisement -

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8982; (P) 0.9052; (R1) 0.9096; More…

EUR/GBP’s choppy decline form 0.9291 is extending and intraday bias is now on the downside. Deeper fall could be seen to retest 0.8866 support first. On the upside, break of 0.9126 will suggest that pull back from 0.9291 has completed. Intraday bias will be turned back to the upside to resume larger rise from 0.8670 through 0.9291.

In the bigger picture, at this point, we’re seeing the price actions from 0.9499 as developing into a corrective pattern. That is, up trend from 0.6935 (2015 low) would resume at a later stage. This will remain the favored case as long as 0.8276 support holds. Decisive break of 0.9499 will target 0.9799 (2008 high).

- advertisement -

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.9038; (P) 0.9062; (R1) 0.9103; More…

EUR/GBP recovered quickly after edging lower to 0.9019 and intraday bias remains neutral first. As long as 0.9162 support holds, another fall could be seen. Break of 0.9019 will target a test on 0.8866 support. However, on the upside, break of 0.9126 will suggest that pull back from 0.9291 has completed. Intraday bias will be turned back to the upside to resume larger rise from 0.8670 through 0.9291.

In the bigger picture, at this point, we’re seeing the price actions from 0.9499 as developing into a corrective pattern. That is, up trend from 0.6935 (2015 low) would resume at a later stage. This will remain the favored case as long as 0.8276 support holds. Decisive break of 0.9499 will target 0.9799 (2008 high).

- advertisement -

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.9020; (P) 0.9050; (R1) 0.9071; More…

Intraday bias in EUR/GBP stays neutral first. Further decline is expected as long as 0.9162 resistance holds. On the downside, break of 0.9024 will resume the decline from 0.9291 to 0.8866 support. Decisive break there should confirm completion of the whole choppy rebound from 0.8670. Though, break of 0.9126 will likely resume such rebound through 0.9291.

In the bigger picture, at this point, we’re seeing the price actions from 0.9499 as developing into a corrective pattern. That is, up trend from 0.6935 (2015 low) would resume at a later stage. This will remain the favored case as long as 0.8276 support holds. Decisive break of 0.9499 will target 0.9799 (2008 high).

- advertisement -

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.9043; (P) 0.9087; (R1) 0.9109; More…

Intraday bias in EUR/GBP remains neutral and further fall is in favor with 0.9220 resistance intact. On the downside, break of 0.9024 will resume the decline from 0.9291 to 0.8866 support. Decisive break there should confirm completion of the whole choppy rebound from 0.8670. Though, break of 0.9220 will likely resume such rebound through 0.9291.

In the bigger picture, at this point, we’re seeing the price actions from 0.9499 as developing into a corrective pattern. That is, up trend from 0.6935 (2015 low) would resume at a later stage. This will remain the favored case as long as 0.8276 support holds. Decisive break of 0.9499 will target 0.9799 (2008 high).

- advertisement -

EUR/GBP Weekly Outlook

EUR/GBP stayed in range above 0.9024 last week and outlook is unchanged. Initial bias remains neutral this week first. With 0.9220 resistance intact, further fall is in favor. On the downside, break of 0.9024 will resume the decline from 0.9291 to 0.8866 support. Decisive break there should confirm completion of the whole choppy rebound form 0.8670. Though, break of 0.9220 will likely resume such rebound through 0.9291.

In the bigger picture, at this point, we’re seeing the price actions from 0.9499 as developing into a corrective pattern. That is, up trend from 0.6935 (2015 low) would resume at a later stage. This will remain the favored case as long as 0.8276 support holds. Decisive break of 0.9499 will target 0.9799 (2008 high).

In the long term picture, rise from 0.6935 (2015 low) is still in progress. It could be resuming long term up trend from 0.5680 (2000 low). Break of 0.9799 (2008 high) is expected down the road, as long as 0.8276 support holds.

- advertisement -

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.9067; (P) 0.9095; (R1) 0.9120; More…

Intraday bias in EUR/GBP stays neutral and further fall is in favor as long as 0.9220 resistance holds. Break of 0.9024 will target 0.8866 support. Decisive break there should confirm completion of the whole choppy rebound form 0.8670. Though, break of 0.9220 will likely resume such rebound through 0.9291.

In the bigger picture, at this point, we’re seeing the price actions from 0.9499 as developing into a corrective pattern. That is, up trend from 0.6935 (2015 low) would resume at a later stage. This will remain the favored case as long as 0.8276 support holds. Decisive break of 0.9499 will target 0.9799 (2008 high).

- advertisement -

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.9081; (P) 0.9121; (R1) 0.9148; More…

EUR/GBP is staying in consolidation and intraday bias remains neutral. Further fall remains mildly in favor as long as 0.9220 resistance holds. Break of 0.9024 will target 0.8866 support. Decisive break there should confirm completion of the whole choppy rebound form 0.8670. Though, break of 0.9220 will likely resume such rebound through 0.9291.

In the bigger picture, at this point, we’re seeing the price actions from 0.9499 as developing into a corrective pattern. That is, up trend from 0.6935 (2015 low) would resume at a later stage. This will remain the favored case as long as 0.8276 support holds. Decisive break of 0.9499 will target 0.9799 (2008 high).

- advertisement -

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.9076; (P) 0.9101; (R1) 0.9141; More…

Intraday bias in EUR/GBP remains neutral for more sideway consolidations. Further fall remains mildly in favor as long as 0.9220 resistance holds. Break of 0.9024 will target 0.8866 support. Decisive break there should confirm completion of the whole choppy rebound form 0.8670. Though, break of 0.9220 will likely resume such rebound through 0.9291.

In the bigger picture, at this point, we’re seeing the price actions from 0.9499 as developing into a corrective pattern. That is, up trend from 0.6935 (2015 low) would resume at a later stage. This will remain the favored case as long as 0.8276 support holds. Decisive break of 0.9499 will target 0.9799 (2008 high).

- advertisement -

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.9057; (P) 0.9074; (R1) 0.9094; More…

Intraday bias in EUR/GBP remains neutral and outlook is unchanged. Further fall is mildly in favor as long as 0.9220 resistance holds. Break of 0.9024 will target 0.8866 support. Decisive break there should confirm completion of the whole choppy rebound form 0.8670. Though, break of 0.9220 will likely resume such rebound through 0.9291.

In the bigger picture, at this point, we’re seeing the price actions from 0.9499 as developing into a corrective pattern. That is, up trend from 0.6935 (2015 low) would resume at a later stage. This will remain the favored case as long as 0.8276 support holds. Decisive break of 0.9499 will target 0.9799 (2008 high).

- advertisement -

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.9026; (P) 0.9075; (R1) 0.9106; More…

Intraday bias in EUR/GBP remains neutral for the moment. Further fall is mildly in favor as long as 0.9220 resistance holds. Break of 0.9024 will target 0.8866 support. Decisive break there should confirm completion of the whole choppy rebound form 0.8670. Though, break of 0.9220 will likely resume such rebound through 0.9291.

In the bigger picture, at this point, we’re seeing the price actions from 0.9499 as developing into a corrective pattern. That is, up trend from 0.6935 (2015 low) would resume at a later stage. This will remain the favored case as long as 0.8276 support holds. Decisive break of 0.9499 will target 0.9799 (2008 high).

- advertisement -

EUR/GBP Weekly Outlook

EUR/GBP edged lower to 0.9024 last week but recovered since then. Initial bias remains neutral this week first. Further fall is mildly in favor as long as 0.9220 resistance holds. Break of 0.9024 will target 0.8866 support. Decisive break there should confirm completion of the whole choppy rebound form 0.8670. Though, break of 0.9220 will likely resume such rebound through 0.9291.

In the bigger picture, at this point, we’re seeing the price actions from 0.9499 as developing into a corrective pattern. That is, up trend from 0.6935 (2015 low) would resume at a later stage. This will remain the favored case as long as 0.8276 support holds. Decisive break of 0.9499 will target 0.9799 (2008 high).

In the long term picture, rise from 0.6935 (2015 low) is still in progress. It could be resuming long term up trend from 0.5680 (2000 low). Break of 0.9799 (2008 high) is expected down the road, as long as 0.8276 support holds.

- advertisement -

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.9066; (P) 0.9111; (R1) 0.9159; More…

Intraday bias in EUR/GBP remains neutral first and further decline is mildly in favor with 0.9220 minor resistance intact. On the downside, below 0.9024 will target 0.8866 support first. Firm break there will confirm that whole rebound from 0.8670 has completed. Nevertheless, break of 0.9220 will argue that such rebound from 0.8670 is resuming for above 0.9291.

In the bigger picture, at this point, we’re seeing the price actions from 0.9499 as developing into a corrective pattern. That is, up trend from 0.6935 (2015 low) would resume at a later stage. This will remain the favored case as long as 0.8276 support holds. Decisive break of 0.9499 will target 0.9799 (2008 high).

- advertisement -

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.9082; (P) 0.9114; (R1) 0.9166; More…

Intraday bias in EUR/GBP is turned neutral with current strong recovery. Another fall is mildly in favor as long as 0.9220 resistance holds. Below 0.9024 will target 0.8866 support first. Firm break there will confirm that whole rebound from 0.8670 has completed. Nevertheless, break of 0.9220 will argue that such rebound from 0.8670 is resuming for above 0.9291.

In the bigger picture, at this point, we’re seeing the price actions from 0.9499 as developing into a corrective pattern. That is, up trend from 0.6935 (2015 low) would resume at a later stage. This will remain the favored case as long as 0.8276 support holds. Decisive break of 0.9499 will target 0.9799 (2008 high).

- advertisement -

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.9035; (P) 0.9081; (R1) 0.9136; More…

Intraday bias in EUR/GBP remains on the downside for 0.8866 support. Firm break there will confirm that whole rebound form 0.867-0 has completed. For now, risk will remain mildly on the downside as long as 0.9220 resistance holds, in case of recovery.

In the bigger picture, at this point, we’re seeing the price actions from 0.9499 as developing into a corrective pattern. That is, up trend from 0.6935 (2015 low) would resume at a later stage. This will remain the favored case as long as 0.8276 support holds. Decisive break of 0.9499 will target 0.9799 (2008 high).

- advertisement -

EUR/GBP Mid-Day Outlook

Daily Pivots: (S1) 0.9108; (P) 0.9138; (R1) 0.9158; More…

EUR/GBP drops sharply to as low as 0.9024 so far today. The break of 0.9067 support, as well as 55 day EMA, raises the chance that rebound from 0.8670 has completed. Intraday bias is turned back to the downside for 0.8866 support for confirmation. For now, risk will remain mildly on the downside as long as 0.9220 resistance holds, in case of recovery.

In the bigger picture, at this point, we’re seeing the price actions from 0.9499 as developing into a corrective pattern. That is, up trend from 0.6935 (2015 low) would resume at a later stage. This will remain the favored case as long as 0.8276 support holds. Decisive break of 0.9499 will target 0.9799 (2008 high).

- advertisement -

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.9108; (P) 0.9138; (R1) 0.9158; More…

Intraday bias in EUR/GBP is neutral for the moment as consolidation from 0.9291 is extending. Further rally will remain in favor as long as 0.9067 support holds. On the upside, break of 0.9291 will extend the larger rise from 0.8670 and target 100% projection of 0.8670 to 0.9175 from 0.8866 at 0.9371. However, sustained break of 0.9067 will dampen this bullish view and turn bias to the downside for 0.8866 support instead.

In the bigger picture, at this point, we’re seeing the price actions from 0.9499 as developing into a corrective pattern. That is, up trend from 0.6935 (2015 low) would resume at a later stage. This will remain the favored case as long as 0.8276 support holds. Decisive break of 0.9499 will target 0.9799 (2008 high).

- advertisement -
- advertisement -