Tue, Aug 04, 2020 @ 10:54 GMT

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8965; (P) 0.9014; (R1) 0.9047; More…

Intraday bias in EUR/GBP remains neutral as consolidation form 0.9175 is extending. On the upside, firm break of 0.9175 resistance will resume whole rise from 0.8670. Nevertheless, break of 0.8930 will bring deeper fall to 0.8864 support and possibly below.

In the bigger picture, while the pull back from 0.9499 was deep, there is no sign of trend reversal yet. The up trend from 0.6935 (2015 low) should resume at a later stage to 61.8% projection of 0.6935 to 0.9263 from 0.8276 at 0.9715. This will remain the favored case as long as 0.8276 support holds.

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EUR/GBP Weekly Outlook

EUR/GBP failed to break through 0.9175 last week and reversed since then. But overall, it’s seen as staying in consolidation pattern from 0.9175. Initial bias remains neutral this week first. On the upside, firm break of 0.9175 resistance will resume whole rise from 0.8670. Nevertheless, break of 0.8930 will bring deeper fall to 0.8864 support and possibly below.

In the bigger picture, while the pull back from 0.9499 was deep, there is no sign of trend reversal yet. The up trend from 0.6935 (2015 low) should resume at a later stage to 61.8% projection of 0.6935 to 0.9263 from 0.8276 at 0.9715. This will remain the favored case as long as 0.8276 support holds.

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). Decisive break of 0.9799 will target 100% projection of 0.5680 to 0.9799 from 0.6935 at 1.1054.

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EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.9014; (P) 0.9047; (R1) 0.9076; More…

Intraday bias in EUR/GBP remains neutral as consolidation from 0.9175 is extending. On the upside, firm break of 0.9175 resistance will resume whole rise from 0.8670. Nevertheless, break of 0.8930 will bring deeper fall to 0.8864 support and possibly below.

In the bigger picture, while the pull back from 0.9499 was deep, there is no sign of trend reversal yet. The up trend from 0.6935 (2015 low) should resume at a later stage to 61.8% projection of 0.6935 to 0.9263 from 0.8276 at 0.9715. This will remain the favored case as long as 0.8276 support holds.

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EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.9045; (P) 0.9066; (R1) 0.9097; More…

Consolidation from 0.9175 is extending and intraday bias in EUR/GBP remains neutral. On the upside, firm break of 0.9175 resistance will resume whole rise from 0.8670. Nevertheless, break of 0.8930 will bring deeper fall to 0.8864 support and possibly below.

In the bigger picture, while the pull back from 0.9499 was deep, there is no sign of trend reversal yet. The up trend from 0.6935 (2015 low) should resume at a later stage to 61.8% projection of 0.6935 to 0.9263 from 0.8276 at 0.9715. This will remain the favored case as long as 0.8276 support holds.

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EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.9032; (P) 0.9083; (R1) 0.9114; More…

EUR/GBP’s consolidation from 0.9175 is extending today and intraday bias remains neutral first. On the upside, firm break of 0.9175 resistance will resume whole rise from 0.8670. Nevertheless, break of 0.8930 will bring deeper fall to 0.8864 support and possibly below.

In the bigger picture, while the pull back from 0.9499 was deep, there is no sign of trend reversal yet. The up trend from 0.6935 (2015 low) should resume at a later stage to 61.8% projection of 0.6935 to 0.9263 from 0.8276 at 0.9715. This will remain the favored case as long as 0.8276 support holds.

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EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.9100; (P) 0.9124; (R1) 0.9148; More…

Intraday bias stays neutral and EUR/GBP could extend the consolidation form 0.9175. On the upside, firm break of 0.9175 resistance will resume whole rise from 0.8670. Nevertheless, break of 0.8930 will bring deeper fall to 0.8864 support and possibly below.

In the bigger picture, while the pull back from 0.9499 was deep, there is no sign of trend reversal yet. The up trend from 0.6935 (2015 low) should resume at a later stage to 61.8% projection of 0.6935 to 0.9263 from 0.8276 at 0.9715. This will remain the favored case as long as 0.8276 support holds.

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EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.9086; (P) 0.9106; (R1) 0.9127; More…

Intraday bias in EUR/GBP remains neutral and more consolidative trading could be seen. On the upside, firm break of 0.9175 resistance will resume whole rise from 0.8670. Nevertheless, break of 0.8930 will bring deeper fall to 0.8864 support and possibly below.

In the bigger picture, while the pull back from 0.9499 was deep, there is no sign of trend reversal yet. The up trend from 0.6935 (2015 low) should resume at a later stage to 61.8% projection of 0.6935 to 0.9263 from 0.8276 at 0.9715. This will remain the favored case as long as 0.8276 support holds.

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EUR/GBP Weekly Outlook

EUR/GBP stayed in sideway trading last week and outlook is unchanged. Initial bias remains neutral this week first. On the upside, firm break of 0.9175 resistance will resume whole rise from 0.8670. Nevertheless, break of 0.8930 will bring deeper fall to 0.8864 support and possibly below.

In the bigger picture, while the pull back from 0.9499 was deep, there is no sign of trend reversal yet. The up trend from 0.6935 (2015 low) should resume at a later stage to 61.8% projection of 0.6935 to 0.9263 from 0.8276 at 0.9715. This will remain the favored case as long as 0.8276 support holds.

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). Decisive break of 0.9799 will target 100% projection of 0.5680 to 0.9799 from 0.6935 at 1.1054.

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EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.9084; (P) 0.9104; (R1) 0.9127; More…

Sideway consolidations in EUR/GBP continues and intraday bias remains neutral first. Further rally will remain in favor as long as 0.8930 support holds. Above 0.9139 will target 0.9175 resistance. Break will resume whole rebound from 0.8670 low. Nevertheless, break of 0.8930 will bring deeper fall to 0.8864 support and possibly below.

In the bigger picture, while the pull back from 0.9499 was deep, there is no sign of trend reversal yet. The up trend from 0.6935 (2015 low) should resume at a later stage to 61.8% projection of 0.6935 to 0.9263 from 0.8276 at 0.9715. This will remain the favored case as long as 0.8276 support holds.

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EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.9044; (P) 0.9091; (R1) 0.9128; More…

Intraday bias in EUR/GBP remains neutral first and more sideway trading could be seen. Further rally will remain in favor as long as 0.8930 support holds. Above 0.9139 will target 0.9175 resistance. Break will resume whole rebound from 0.8670 low. Nevertheless, break of 0.8930 will bring deeper fall to 0.8864 support and possibly below.

In the bigger picture, while the pull back from 0.9499 was deep, there is no sign of trend reversal yet. The up trend from 0.6935 (2015 low) should resume at a later stage to 61.8% projection of 0.6935 to 0.9263 from 0.8276 at 0.9715. This will remain the favored case as long as 0.8276 support holds.

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EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.9019; (P) 0.9038; (R1) 0.9075; More…

EUR/GBP rebounds strongly today but stays below 0.9139 temporary top. Intraday bias in EUR/GBP remains neutral first. More sideway trading could be seen. But at this point, further rally will remain in favor as long as 0.8930 support holds. Above 0.9139 will target 0.9175 resistance. Break will resume whole rebound from 0.8670 low.

In the bigger picture, while the pull back from 0.9499 was deep, there is no sign of trend reversal yet. The up trend from 0.6935 (2015 low) should resume at a later stage to 61.8% projection of 0.6935 to 0.9263 from 0.8276 at 0.9715. This will remain the favored case as long as 0.8276 support holds.

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EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.9004; (P) 0.9071; (R1) 0.9111; More…

Intraday bias in EUR/GBP remains mildly on the downside at this point. Consolidation pattern from 0.9175 is extending with another falling leg. Deeper fall would be seen to 0.8930 support. Break will target 0.8864. On the upside, above 0.9139 will target 0.9175 resistance. Break will resume whole rebound from 0.8670 low.

In the bigger picture, while the pull back from 0.9499 was deep, there is no sign of trend reversal yet. The up trend from 0.6935 (2015 low) should resume at a later stage to 61.8% projection of 0.6935 to 0.9263 from 0.8276 at 0.9715. This will remain the favored case as long as 0.8276 support holds.

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EUR/GBP Mid-Day Outlook

Daily Pivots: (S1) 0.9055; (P) 0.9095; (R1) 0.9132; More…

EUR/GBP’s break of 0.9043 minor support dampens the bullish case and suggest that rebound form 0.8930 has completed. Intraday bias is turned back to the downside for 0.8930 support. Break will target 0.8864. On the upside, above 0.9139 will target 0.9175 resistance. Break will resume whole rebound from 0.8670 low.

In the bigger picture, while the pull back from 0.9499 was deep, there is no sign of trend reversal yet. The up trend from 0.6935 (2015 low) should resume at a later stage to 61.8% projection of 0.6935 to 0.9263 from 0.8276 at 0.9715. This will remain the favored case as long as 0.8276 support holds.

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EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.9055; (P) 0.9095; (R1) 0.9132; More…

Intraday bias in EUR/GBP remains mildly on the upside at this point. Pull back from 0.9175 should have completed at 0.8930 and rise from 0.8670 is probably ready to resume. Break of 0.9175 will confirm this bullish case and target 61.8% projection of 0.8670 to 0.9175 from 0.8930 at 0.9242. On the downside, below 0.9034 minor support will dampen this bullish case and turn intraday bias back to the downside.

In the bigger picture, while the pull back from 0.9499 was deep, there is no sign of trend reversal yet. The up trend from 0.6935 (2015 low) should resume at a later stage to 61.8% projection of 0.6935 to 0.9263 from 0.8276 at 0.9715. This will remain the favored case as long as 0.8276 support holds.

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EUR/GBP Weekly Outlook

EUR/GBP’s strong rebound last week revived near term bullishness, with 55 day EMA defended. Pull back from 0.9175 should have completed at 0.8930 and rise from 0.8670 is probably ready to resume. Further rise is expected this week for 0.9175 first. Break will target 61.8% projection of 0.8670 to 0.9175 from 0.8930 at 0.9242. On the downside, below 0.9034 minor support will dampen this bullish case and turn intraday bias back to the downside.

In the bigger picture, while the pull back from 0.9499 was deep, there is no sign of trend reversal yet. The up trend from 0.6935 (2015 low) should resume at a later stage to 61.8% projection of 0.6935 to 0.9263 from 0.8276 at 0.9715. This will remain the favored case as long as 0.8276 support holds.

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). Decisive break of 0.9799 will target 100% projection of 0.5680 to 0.9799 from 0.6935 at 1.1054.

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EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.9051; (P) 0.9073; (R1) 0.9091; More…

Intraday bias in EUR/GBP is turned neutral with a temporary top formed at 0.9112. Further is expected and break of 0.9112 will target 0.9175 resistance first. Break there will resume whole rebound from 0.8670. Next target will be 61.8% projection of 0.8670 to 0.9175 from 0.8930 at 0.9242. On the downside, below 0.9034 minor support will dampen this bullish case and turn intraday bias back to the downside..

In the bigger picture, while the pull back from 0.9499 was deep, there is no sign of trend reversal yet. The up trend from 0.6935 (2015 low) should resume at a later stage to 61.8% projection of 0.6935 to 0.9263 from 0.8276 at 0.9715. This will remain the favored case as long as 0.8276 support holds.

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EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.9045; (P) 0.9064; (R1) 0.9085; More…

Intraday bias in EUR/GBP remains on the upside and further rise should be seen to 0.9175 resistance. Break there will resume whole rebound from 0.8670. Next target will be 61.8% projection of 0.8670 to 0.9175 from 0.8930 at 0.9242. On the downside, below 0.9034 minor support will dampen this bullish case and turn intraday bias neutral first.

In the bigger picture, while the pull back from 0.9499 was deep, there is no sign of trend reversal yet. The up trend from 0.6935 (2015 low) should resume at a later stage to 61.8% projection of 0.6935 to 0.9263 from 0.8276 at 0.9715. This will remain the favored case as long as 0.8276 support holds.

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EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.9034; (P) 0.9073; (R1) 0.9119; More…

Intraday bias in EUR/GBP stays on the upside for 0.9175 resistance. Break there will resume whole rebound from 0.8670. Next target will be 61.8% projection of 0.8670 to 0.9175 from 0.8930 at 0.9242. On the downside, below 0.9034 minor support will dampen this bullish case and turn intraday bias neutral first.

In the bigger picture, while the pull back from 0.9499 was deep, there is no sign of trend reversal yet. The up trend from 0.6935 (2015 low) should resume at a later stage to 61.8% projection of 0.6935 to 0.9263 from 0.8276 at 0.9715. This will remain the favored case as long as 0.8276 support holds.

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EUR/GBP Mid-Day Outlook

Daily Pivots: (S1) 0.8976; (P) 0.9007; (R1) 0.9069; More…

Intraday bias in EUR/GBP remains on the upside for the moment. Strong support was seen in 55 day EMA. Current development suggests that rise from 0.8670 is still in progress. Break of 0.9175 will target 61.8% projection of 0.8670 to 0.9175 from 0.8930 at 0.9242 next. On the downside, below 0.9034 minor support will dampen this bullish case and turn intraday bias neutral first.

In the bigger picture, while the pull back from 0.9499 was deep, there is no sign of trend reversal yet. The up trend from 0.6935 (2015 low) should resume at a later stage to 61.8% projection of 0.6935 to 0.9263 from 0.8276 at 0.9715. This will remain the favored case as long as 0.8276 support holds.

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EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8976; (P) 0.9007; (R1) 0.9069; More…

EUR/GBP’s breach of 0.9067 minor resistance suggests that pull back from 0.9175 has completed at 0.8930, after drawing support from 55 day EMA. It also suggests that rebound from 0.8670 is not over yet. Intraday bias is back on the upside for retesting 61.8% retracement of 0.9499 to 0.8670 at 0.9182. On the downside, break of 0.8930 will turn bias back to the downside for 0.8864 support instead.

In the bigger picture, while the pull back from 0.9499 was deep, there is no sign of trend reversal yet. The up trend from 0.6935 (2015 low) should resume at a later stage to 61.8% projection of 0.6935 to 0.9263 from 0.8276 at 0.9715. This will remain the favored case as long as 0.8276 support holds.

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