Mon, May 25, 2020 @ 20:23 GMT

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8936; (P) 0.8954; (R1) 0.8977; More…

Intraday bias in EUR/GBP remains neutral for consolidation below 0.9000 temporary top. On the upside, firm break of 38.2% retracement of 0.9499 to 0.8670 at 0.8987 will indicate completion of whole fall from 0.9499. Further rally should be seen to 61.8% retracement at 0.9182 and above. However, sustained break of 4 hour 55 EMA (now at 0.8906) will suggest completion of rebound from 0.8670. Intraday bias will be turned back to the downside for retesting 0.8670 low.

In the bigger picture, while the pull back from 0.9499 is 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 rebound from 0.8670 extended to as high as 0.9000 last week. A temporary top was formed after hitting 38.2% retracement of 0.9499 to 0.8670 at 0.8987. Initial bias is neutral this week first. On the upside, firm break of 0.8987 will indicate completion of whole fall from 0.9499. Further rally should be seen to 61.8% retracement at 0.9182 and above. However, sustained break of 4 hour 55 EMA (now at 0.8900) will suggest completion of rebound from 0.8670. Intraday bias will be turned back to the downside for retesting 0.8670 low.

In the bigger picture, while the pull back from 0.9499 is 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) 0.8936; (P) 0.8968; (R1) 0.8990; More…

EUR/GBP lost upside momentum after failing to sustain above 38.2% retracement of 0.9499 to 0.8670 at 0.8987 and retreated. Intraday bias is turned neutral first. Further rise is still in favor for the moment. Sustained break of 0.8987 will indicate completion of whole fall from 0.9499. Further rally should be seen to 61.8% retracement at 0.9182 and above. However, firm break of 4 hour 55 EMA (now at 0.8894) will suggest completion of rebound from 0.8670. Intraday bias will be turned back to the downside for retesting 0.8670 low.

In the bigger picture, while the pull back from 0.9499 is 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) 0.8929; (P) 0.8956; (R1) 0.9000; More…

EUR/GBP’s rise from 0.8670 is still in progress and intraday bias remains on the upside. Sustained break of 38.2% retracement of 0.9499 to 0.8670 at 0.8987 will indicate completion of whole fall from 0.9499. Further rally should be seen to 61.8% retracement at 0.9182 and above. On the downside, though, break of 0.8901 minor support will turn intraday bias neutral first.

In the bigger picture, while the pull back from 0.9499 is 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) 0.8894; (P) 0.8926; (R1) 0.8950; More…

With 0.8825 minor support intact, rebound from 0.8670 is in progress for 38.2% retracement of 0.9499 to 0.8670 at 0.8987. Firm break there will indicate completion of whole fall from 0.9499. Further rally should be seen to 61.8% retracement at 0.9182 and above. On the downside, though, break of 0.8825 minor support will turn bias to the downside for retesting 0.8670 instead.

In the bigger picture, while the pull back from 0.9499 is 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) 0.8911; (P) 0.8935; (R1) 0.8977; More…

EUR/GBP is losing some upside momentum as seen in 4 hour MACD. But with 0.8825 minor support intact, further rise is still in favor. Firm break of 38.2% retracement of 0.9499 to 0.8670 at 0.8987 should indicate completion of whole fall from 0.9499. Further rally should be seen to 61.8% retracement at 0.9182 and above. On the downside, though, break of 0.8825 minor support will turn bias to the downside for retesting 0.8670 instead.

In the bigger picture, while the pull back from 0.9499 is 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) 0.8866; (P) 0.8903; (R1) 0.8976; More…

Intraday bias in EUR/GBP remains on the upside at this point. Rebound from 0.8670 short term bottom is in progress for 38.2% retracement of 0.9499 to 0.8670 at 0.8987. Firm break there should also indicate completion of whole fall from 0.9499. Further rally should be seen to 61.8% retracement at 0.9182 and above. On the downside, though, break of 0.8825 minor support will turn bias to the downside for retesting 0.8670 instead.

In the bigger picture, while the pull back from 0.9499 is 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 confirms short term bottoming at 0.8670. Initial bias stays on the upside this week for 38.2% retracement of 0.9499 to 0.8670 at 0.8987. Firm break there should also indicate completion of whole fall from 0.9499. Further rally should be seen to 61.8% retracement at 0.9182 and above. On the downside, though, break of 0.8825 minor support will turn bias to the downside for retesting 0.8670 instead.

In the bigger picture, while the pull back from 0.9499 is 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) 0.8815; (P) 0.8843; (R1) 0.8860; More…

With 0.8807 minor support intact, rebound from 0.8670 short term bottom is still in favor to extend. Further rise would be seen to 38.2% retracement of 0.9499 to 0.8670 at 0.8987. Break of 0.8987 should target 61.8% retracement at 0.9182 and above. On the downside, though, break of 0.8807 minor support will turn bias back to the downside for 0.8670.

In the bigger picture, while the pull back from 0.9499 is 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) 0.8807; (P) 0.8842; (R1) 0.8877; More…

Intraday bias in EUR/GBP remains mildly on the upside at this point. A short term bottom was formed at 0.8670. Further rise could be seen to 38.2% retracement of 0.9499 to 0.8670 at 0.8987. Break of 0.8987 should target 61.8% retracement at 0.9182 and above. On the downside, though, break of 0.8807 minor support will turn bias neutral again first.

In the bigger picture, while the pull back from 0.9499 is 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) 0.8790; (P) 0.8820; (R1) 0.8882; More…

EUR/GBP’s break of 0.8863 resistance indicates short term bottoming at 0.8670. Intraday bias is turned back to the upside for 38.2% retracement of 0.9499 to 0.8670 at 0.8987. Fall from 0.9499 is seen as a corrective move only, which couldn’t sustain below 55 day EMA so far. Break of 0.8987 should target 61.8% retracement at 0.9182 and above. On the downside, though, break of 0.8807 minor support will turn bias neutral again first.

In the bigger picture, while the pull back from 0.9499 is 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) 0.8790; (P) 0.8820; (R1) 0.8882; More…

With today’s recovery, focus is now on 0.8863 resistance in EUR/GBP. Break there should confirm short term bottoming at 0.8670. Intraday bias will be turned back to the upside for 38.2% retracement of 0.9499 to 0.8670 at 0.8987. On the downside, however, break of 0.8670 will resume the fall from 0.9499 to 0.8276/82 key support zone.

In the bigger picture, while the pull back from 0.9499 is 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) 0.8723; (P) 0.8764; (R1) 0.8808; More…

EUR/GBP is staying in range above 0.8670 and intraday bias remains neutral. On the upside, break of 0.8863 will confirm short term bottoming at 0.8670. Further rise should be seen to 38.2% retracement of 0.9499 to 0.8670 at 0.8987. On the downside, however, break of 0.8670 will resume the fall from 0.9499 to 0.8276/82 key support zone.

In the bigger picture, while the pull back from 0.9499 is 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) 0.8710; (P) 0.8739; (R1) 0.8765; More…

Intraday bias in EUR/GBP remains neutral and consolidation from 0.8670 might continue. On the upside, break of 0.8863 will confirm short term bottoming at 0.8670. Further rise should be seen to 38.2% retracement of 0.9499 to 0.8670 at 0.8987. On the downside, however, break of 0.8670 will resume the fall from 0.9499 to 0.8276/82 key support zone.

In the bigger picture, while the pull back from 0.9499 is 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 consolidation from 0.8672 last week and outlook is unchanged. Initial bias remains neutral this week for more sideway trading. On the upside, break of 0.8863 will confirm short term bottoming at 0.8670. Further rise should be seen to 38.2% retracement of 0.9499 to 0.8670 at 0.8987. On the downside, however, break of 0.8670 will resume the fall from 0.9499 to 0.8276/82 key support zone.

In the bigger picture, while the pull back from 0.9499 is 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) 0.8718; (P) 0.8754; (R1) 0.8799; More…

Consolidation from 0.8670 is extending and intraday bias remains neutral first. On the upside, break of 0.8863 will confirm short term bottoming at 0.8670. Further rise should be seen to 38.2% retracement of 0.9499 to 0.8670 at 0.8987. On the downside, however, break of 0.8670 will resume the fall from 0.9499 to 0.8276/82 key support zone.

In the bigger picture, while the pull back from 0.9499 is 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) 0.8714; (P) 0.8735; (R1) 0.8772; More…

Intraday bias in EUR/GBP remains neutral at this point. On the upside, break of 0.8863 will confirm short term bottoming at 0.8670. Further rise should be seen to 38.2% retracement of 0.9499 to 0.8670 at 0.8987. On the downside, however, break of 0.8670 will resume the fall from 0.9499 to 0.8276/82 key support zone.

In the bigger picture, while the pull back from 0.9499 is 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) 0.8681; (P) 0.8723; (R1) 0.8755; More…

EUR/GBP is staying in consolidation from 0.8670 and intraday bias remains neutral. On the upside, break of 0.8863 will confirm short term bottoming at 0.8670. Further rise should be seen to 38.2% retracement of 0.9499 to 0.8670 at 0.8987. On the downside, however, break of 0.8670 will resume the fall from 0.9499 to 0.8276/82 key support zone.

In the bigger picture, while the pull back from 0.9499 is 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) 0.8739; (P) 0.8776; (R1) 0.8798; More…

Intraday bias in EUR/GBP stays neutral first. On the upside, break of 0.8863 will confirm short term bottoming at 0.8670. Further rise should be seen to 38.2% retracement of 0.9499 to 0.8670 at 0.8987. On the downside, however, break of 0.8670 will resume the fall from 0.9499 to 0.8276/82 key support zone.

In the bigger picture, while the pull back from 0.9499 is 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) 0.8722; (P) 0.8759; (R1) 0.8826; More…

Intraday bias in EUR/GBP remains neutral for the moment. Break of 0.8863 will confirm short term bottoming at 0.8670. Further rise should be seen to 38.2% retracement of 0.9499 to 0.8670 at 0.8987. On the downside, however, break of 0.8670 will resume the fall from 0.9499 to 0.8276/82 key support zone.

In the bigger picture, while the pull back from 0.9499 is 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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