Fri, Sep 20, 2019 @ 14:13 GMT

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8781; (P) 0.8838; (R1) 0.8871; More…

Intraday bias in EUR/GBP remains on the downside at this point. Sustained break of 61.8% retracement of 0.8472 to 0.9324 at 0.8797 will extend the fall from 0.9324 to retest 0.8472 key support. On the upside, above 0.8894 minor resistance will turn intraday bias neutral first.

In the bigger picture, the failure to sustain above 0.9305 (2017 high) suggests that consolidation from there is extending. Breach of 0.8472 cannot be ruled out but downside should be contained by 38.2% retracement of 0.6935 (2015 low) to 0.9305 at 0.8400. On the upside, firm break of 0.9327 will confirm up trend resumption.

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EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8816; (P) 0.8848; (R1) 0.8877; More…

EUR/GBP’s decline from 0.9324 is still in progress. Intraday bias remains on the downside for 61.8% retracement of 0.8472 to 0.9324 at 0.8797. Sustained break will target 0.8472 key support. On the upside, above 0.8974 minor resistance will turn intraday bias neutral first.

In the bigger picture, the failure to sustain above 0.9305 (2017 high) suggests that consolidation from there is extending. Breach of 0.8472 cannot be ruled out but downside should be contained by 38.2% retracement of 0.6935 (2015 low) to 0.9305 at 0.8400. On the upside, firm break of 0.9327 will confirm up trend resumption.

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EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8835; (P) 0.8869; (R1) 0.8888; More…

No change in EUR/GBP’s outlook. Further decline is expected with 0.8971 minor resistance intact. Fall from 0.9324 should target 61.8% retracement of 0.8472 to 0.9324 at 0.8797. Sustained break will target 0.8472 key support. On the upside, above 0.8974 minor resistance will turn intraday bias neutral first.

In the bigger picture, the failure to sustain above 0.9305 (2017 high) suggests that consolidation from there is extending. Breach of 0.8472 cannot be ruled out but downside should be contained by 38.2% retracement of 0.6935 (2015 low) to 0.9305 at 0.8400. On the upside, firm break of 0.9327 will confirm up trend resumption.

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EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8835; (P) 0.8869; (R1) 0.8888; More…

With 0.8974 minor resistance intact, further decline is expected in EUR/GBP. Fall from 0.9324 should target 61.8% retracement of 0.8472 to 0.9324 at 0.8797. Sustained break will target 0.8472 key support. On the upside, above 0.8974 minor resistance will turn intraday bias neutral first.

In the bigger picture, the failure to sustain above 0.9305 (2017 high) suggests that consolidation from there is extending. Breach of 0.8472 cannot be ruled out but downside should be contained by 38.2% retracement of 0.6935 (2015 low) to 0.9305 at 0.8400. On the upside, firm break of 0.9327 will confirm up trend resumption.

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EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8820; (P) 0.8897; (R1) 0.8938; More…

Intraday bias in EUR/GBP remains on the downside for the moment. Current fall from 0.9324 should target 61.8% retracement of 0.8472 to 0.9324 at 0.8797. Sustained break will target 0.8472 key support. On the upside, above 0.8974 minor resistance will turn intraday bias neutral first.

In the bigger picture, the failure to sustain above 0.9305 (2017 high) suggests that consolidation from there is extending. Breach of 0.8472 cannot be ruled out but downside should be contained by 38.2% retracement of 0.6935 (2015 low) to 0.9305 at 0.8400. On the upside, firm break of 0.9327 will confirm up trend resumption.

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EUR/GBP Weekly Outlook

EUR/GBP’s fall from 0.9324 extended lower last week and broke key 0.8891 cluster support (50% retracement of 0.8472 to 0.9324 at 0.8856). The development dampened our original bullish view. Initial bias is back on the downside this week for 61.8% retracement of 0.8472 to 0.9324 at 0.8797. Sustained break will target 0.8472 key support. On the upside, above 0.8974 minor resistance will turn intraday bias neutral first.

In the bigger picture, the failure to sustain above 0.9305 (2017 high) suggests that consolidation from there is extending. Breach of 0.8472 cannot be ruled out but downside should be contained by 38.2% retracement of 0.6935 (2015 low) to 0.9305 at 0.8400. On the upside, firm break of 0.9327 will confirm up trend resumption.

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 0.8472 support 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) 0.8914; (P) 0.8944; (R1) 0.9002; More…

No change in EUR/GBP’s outlook and intraday bias stays neutral first. At this point, we’d still expect strong support from t 0.8891 cluster support (50% retracement of 0.8472 to 0.9324 at 0.8856) to bring rebound. On the upside, break of 0.9015 support turned resistance will turn bias back to the upside for retesting 0.9324 high. However, sustained break of 0.8891 will target 61.8% retracement of 0.8472 to 0.9324 at 0.8797 and below.

In the bigger picture, up trend from 0.6935 (2015 low) should be resuming. Sustained break of 0.9305 will confirm and target 0.9799 (2008 high) and then 61.8% projection of 0.6935 to 0.9305 from 0.8472 at 0.9937. In any case, medium term outlook will remain bullish as long as 0.8891 support holds, in case of deep pull back. However, sustained break of 0.8891 will dampen this bullish view and focus would be back on 0.8472 key support.

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EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8907; (P) 0.8929; (R1) 0.8952; More…

Intraday bias in EUR/GBP is neutral for the moment with focus on 0.8891 cluster support (50% retracement of 0.8472 to 0.9324 at 0.8856). We’d continue to expect strong support from there to bring rebound. On the upside, break of 0.9015 support turned resistance will turn bias back to the upside for retesting 0.9324 high. However, sustained break of 0.8891 will target 61.8% retracement of 0.8472 to 0.9324 at 0.8797 and below.

In the bigger picture, up trend from 0.6935 (2015 low) should be resuming. Sustained break of 0.9305 will confirm and target 0.9799 (2008 high) and then 61.8% projection of 0.6935 to 0.9305 from 0.8472 at 0.9937. In any case, medium term outlook will remain bullish as long as 0.8891 support holds, in case of deep pull back. However, sustained break of 0.8891 will dampen this bullish view and focus would be back on 0.8472 key support.

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EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8913; (P) 0.8943; (R1) 0.8966; More…

Focus in EUR/GBP remains on 0.8891 cluster support (50% retracement of 0.8472 to 0.9324 at 0.8856). We’d continue to expect strong support from there to bring rebound. On the upside, break of 0.9015 support turned resistance will turn bias back to the upside for retesting 0.9324 high. However, sustained break of 0.8891 will target 61.8% retracement of 0.8472 to 0.9324 at 0.8797 and below.

In the bigger picture, up trend from 0.6935 (2015 low) should be resuming. Sustained break of 0.9305 will confirm and target 0.9799 (2008 high) and then 61.8% projection of 0.6935 to 0.9305 from 0.8472 at 0.9937. In any case, medium term outlook will remain bullish as long as 0.8891 support holds, in case of deep pull back. However, sustained break of 0.8891 will dampen this bullish view and focus would be back on 0.8472 key support.

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EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8898; (P) 0.8956; (R1) 0.9008; More…

Outlook in EUR/GBP remains unchanged. We’d continue to expect strong support from 0.8891 cluster support (50% retracement of 0.8472 to 0.9324 at 0.8856) to contained downside and bring rebound. On the upside, break of 0.9015 support turned resistance will turn bias back to the upside for retesting 0.9324 high. However, sustained break of 0.8891 will target 61.8% retracement of 0.8472 to 0.9324 at 0.8797 and below.

In the bigger picture, up trend from 0.6935 (2015 low) should be resuming. Sustained break of 0.9305 will confirm and target 0.9799 (2008 high) and then 61.8% projection of 0.6935 to 0.9305 from 0.8472 at 0.9937. In any case, medium term outlook will remain bullish as long as 0.8891 support holds, in case of deep pull back. However, sustained break of 0.8891 will dampen this bullish view and focus would be back on 0.8472 key support.

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EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8949; (P) 0.8967; (R1) 0.8990; More…

Outlook in EUR/GBP remains unchanged. Corrective fall from 0.9324 might extend lower. But we’d expect strong support from 0.8891 cluster support (50% retracement of 0.8472 to 0.9324 at 0.8856 to contained downside and bring rebound. On the upside, break of 0.9148 resistance will turn bias back to the upside for retesting 0.9324 high. However, sustained break of 0.8891 will target 61.8% retracement of 0.8472 to 0.9324 at 0.8797 and below.

In the bigger picture, up trend from 0.6935 (2015 low) should be resuming. Sustained break of 0.9305 will confirm and target 0.9799 (2008 high) and then 61.8% projection of 0.6935 to 0.9305 from 0.8472 at 0.9937. In any case, medium term outlook will remain bullish as long as 0.8891 support holds, in case of deep pull back. However, sustained break of 0.8891 will dampen this bullish view and focus would be back on 0.8472 key support.

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EUR/GBP Weekly Outlook

EUR/GBP’s corrective fall from 0.9324 extended lower last week. While further decline cannot be ruled out, we’d expect strong support from 0.8891 cluster support (50% retracement of 0.8472 to 0.9324 at 0.8856 to contained downside and bring rebound. On the upside, break of 0.9148 resistance will turn bias back to the upside for retesting 0.9324 high. However, sustained break of 0.8891 will target 61.8% retracement of 0.8472 to 0.9324 at 0.8797 and below.

In the bigger picture, up trend from 0.6935 (2015 low) should be resuming. Sustained break of 0.9305 will confirm and target 0.9799 (2008 high) and then 61.8% projection of 0.6935 to 0.9305 from 0.8472 at 0.9937. In any case, medium term outlook will remain bullish as long as 0.8891 support holds, in case of deep pull back. However, sustained break of 0.8891 will dampen this bullish view and focus would be back on 0.8472 key support.

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 0.8472 support 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) 0.8919; (P) 0.8975; (R1) 0.9004; More…

Outlook in EUR/GBP remains unchanged for now. We’d still expect strong support from 0.8891/9051 support zone to bring rebound. On the upside, break of 0.9148 will turn bias back to the upside for retesting 0.9324. However, sustained break of 0.8891 will target 61.8% retracement of 0.8472 to 0.9324 at 0.8797 and below.

In the bigger picture, up trend from 0.6935 (2015 low) should be resuming. Sustained break of 0.9305 will confirm and target 0.9799 (2008 high) and then 61.8% projection of 0.6935 to 0.9305 from 0.8472 at 0.9937. In any case, medium term outlook will remain bullish as long as 0.8891 support holds, in case of deep pull back. However, sustained break of 0.8891 will dampen this bullish view and focus would be back on 0.8472 key support.

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EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8981; (P) 0.9032; (R1) 0.9057; More…

EUR/GBP’s corrective fall from 0.9324 is extending lower today. For now, we’d still expect strong support from 0.8891/9051 support zone to bring rebound. On the upside, break of 0.9148 will turn bias back to the upside for retesting 0.9324. However, sustained break of 0.8891 will target 61.8% retracement of 0.8472 to 0.9324 at 0.8797 and below.

In the bigger picture, up trend from 0.6935 (2015 low) should be resuming. Sustained break of 0.9305 will confirm and target 0.9799 (2008 high) and then 61.8% projection of 0.6935 to 0.9305 from 0.8472 at 0.9937. In any case, medium term outlook will remain bullish as long as 0.8891 support holds, in case of deep pull back. However, sustained break of 0.8891 will dampen this bullish view and focus would be back on 0.8472 key support.

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EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.9043; (P) 0.9096; (R1) 0.9131; More…

EUR/GBP’s recovery was limited below 0.9157 minor resistance and intraday bias remains neutral first. Corrective fall from 0.9324 should be contained by 0.8891/9051 support zone to bring rebound. On the upside, break of 0.9157 will turn bias back to the upside for retesting 0.9324. However, sustained break of 0.8891 will target 61.8% retracement of 0.8472 to 0.9324 at 0.8797 and below.

In the bigger picture, up trend from 0.6935 (2015 low) should be resuming. Sustained break of 0.9305 will confirm and target 0.9799 (2008 high) and then 61.8% projection of 0.6935 to 0.9305 from 0.8472 at 0.9937. In any case, medium term outlook will remain bullish as long as 0.8891 support holds, in case of deep pull back. However, sustained break of 0.8891 will dampen this bullish view and focus would be back on 0.8472 key support.

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EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.9041; (P) 0.9075; (R1) 0.9124; More…

Outlook in EUR/GBP remains unchanged. Fall from 0.9324 is seen as a corrective move. Break of 0.9157 will suggest that such correction is completed. Intraday bias will be turned back to the upside for 0.9324 resistance first. In case of another decline, downside should be contained by 0.8891/9051 support zone to bring rebound.

In the bigger picture, up trend from 0.6935 (2015 low) should be resuming. Sustained break of 0.9305 will confirm and target 0.9799 (2008 high) and then 61.8% projection of 0.6935 to 0.9305 from 0.8472 at 0.9937. In any case, medium term outlook will remain bullish as long as 0.8891 support holds, in case of deep pull back. However, sustained break of 0.8891 will dampen this bullish view and focus would be back on 0.8472 key support.

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EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.9009; (P) 0.9047; (R1) 0.9072; More…

No change in EUR/GBP’s outlook. Corrective fall from 0.9324 might still extend. But downside should be contained by 0.8891/9051 support zone to bring rebound. On the upside, break of 0.9157 will turn bias back to the upside for 0.9324 resistance first. However, sustained break of 0.8891 will target 61.8% retracement of 0.8472 to 0.9324 at 0.8797 and below.

In the bigger picture, up trend from 0.6935 (2015 low) should be resuming. Sustained break of 0.9305 will confirm and target 0.9799 (2008 high) and then 61.8% projection of 0.6935 to 0.9305 from 0.8472 at 0.9937. In any case, medium term outlook will remain bullish as long as 0.8891 support holds, in case of deep pull back. However, sustained break of 0.8891 will dampen this bullish view and focus would be back on 0.8472 key support.

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EUR/GBP Weekly Outlook

EUR/GBP’s edged lower last week as corrective fall from 0.9324 extended. Overall near term outlook is unchanged. Further decline could be seen initially this week. But downside should be contained by 0.8891/9051 support zone to bring rebound. On the upside, break of 0.9157 will turn bias back to the upside for 0.9324 resistance first. However, sustained break of 0.8891 will target 61.8% retracement of 0.8472 to 0.9324 at 0.8797 and below.

In the bigger picture, up trend from 0.6935 (2015 low) should be resuming. Sustained break of 0.9305 will confirm and target 0.9799 (2008 high) and then 61.8% projection of 0.6935 to 0.9305 from 0.8472 at 0.9937. In any case, medium term outlook will remain bullish as long as 0.8891 support holds, in case of deep pull back. However, sustained break of 0.8891 will dampen this bullish view and focus would be back on 0.8472 key support.

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 0.8472 support 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) 0.9053; (P) 0.9074; (R1) 0.9096; More…

Outlook in EUR/GBP remains unchanged. Fall from 0.9324 is seen as a correction. In case of another decline, downside should be contained by 0.8891/9051 support zone to bring rebound. On the upside, break of 0.9157 will turn bias back to the upside for 0.9324 resistance first. However, sustained break of 0.8891 will target 61.8% retracement of 0.8472 to 0.9324 at 0.8797 and below.

In the bigger picture, up trend from 0.6935 (2015 low) should be resuming. Sustained break of 0.9305 will confirm and target 0.9799 (2008 high) and then 61.8% projection of 0.6935 to 0.9305 from 0.8472 at 0.9937. In any case, medium term outlook will remain bullish as long as 0.8891 support holds, in case of deep pull back. However, sustained break of 0.8891 will dampen this bullish view and focus would be back on 0.8472 key support.

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EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.9022; (P) 0.9073; (R1) 0.9122; More…

No change in EUR/GBP’s outlook. Fall from 0.9324 is still as a correction. In case of another decline, downside should be contained by 0.8891/9051 support zone to bring rebound. On the upside, break of 0.9157 will turn bias back to the upside for 0.9324 resistance first. However, sustained break of 0.8891 will target 61.8% retracement of 0.8472 to 0.9324 at 0.8797 and below.

In the bigger picture, up trend from 0.6935 (2015 low) should be resuming. Sustained break of 0.9305 will confirm and target 0.9799 (2008 high) and then 61.8% projection of 0.6935 to 0.9305 from 0.8472 at 0.9937. In any case, medium term outlook will remain bullish as long as 0.8891 support holds, in case of deep pull back. However, sustained break of 0.8891 will dampen this bullish view and focus would be back on 0.8472 key support.

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