Daily Pivots: (S1) 0.8398; (P) 0.8413; (R1) 0.8422; More…

EUR/GBP’s fall from 0.8737 is in progress and intraday bias stays on the downside. Current development suggests that whole rebound from 0.8221 has completed as a corrective move. Further decline should be seen back to 0.8221/8239 support zone. For now, risk will stay on the downside as long as 0.8539 resistance holds, in case of recovery.

In the bigger picture, the extended decline from 0.8737 dampened the original bullish view. While a medium term bottom was in place at 0.8221, price actions from there could be a corrective pattern only. Larger down trend from 0.9267 (2022 high) might still be in progress. Sustained trading below 55 W EMA (now at 0.8438) will turn favor to this bearish case.

Daily Pivots: (S1) 0.8394; (P) 0.8426; (R1) 0.8447; More…

Intraday bias in EUR/GBP remains on the downside for the moment. Current development suggests that whole rebound from 0.8221 has completed as a corrective move. Further decline should be seen back to 0.8221/8239 support zone. For now, risk will stay on the downside as long as 0.8539 resistance holds, in case of recovery.

In the bigger picture, the extended decline from 0.8737 dampened the original bullish view. While a medium term bottom was in place at 0.8221, price actions from there could be a corrective pattern only. Larger down trend from 0.9267 (2022 high) might still be in progress. Sustained trading below 55 W EMA (now at 0.8438) will turn favor to this bearish case.

Daily Pivots: (S1) 0.8443; (P) 0.8468; (R1) 0.8481; More…

EUR/GBP’s fall from 0.8737 continues today and intraday bias stays on the downside. Sustained trading below 55 D EMA (now at 0.8461) will argue that whole rise from 0.8221 has already complete. Near term outlook will be turned bearish for 0.8314 support first. On the upside, though, break of 0.8539 resistance will indicate that fall from 0.8737 has completed as a correction.

In the bigger picture, the extended decline from 0.8737 dampened the original bullish view. While a medium term bottom was in place at 0.8221, price actions from there could be a corrective pattern only. Larger down trend from 0.9267 (2022 high) might still be in progress. Sustained trading below 55 W EMA (now at 0.8438) will turn favor to this bearish case.

EUR/GBP’s fall from 0.8737 continued last week. With break late break of 0.8460 temporary low, initial bias is back on the downside. Sustained trading below 55 D EMA (now at 0.8461) will argue that whole rise from 0.8221 has already complete. Near term outlook will be turned bearish for 0.8314 support first. On the upside, though, break of 0.8539 resistance will indicate that fall from 0.8737 has completed as a correction.

In the bigger picture, the extended decline from 0.8737 dampened the original bullish view. While a medium term bottom was in place at 0.8221, price actions from there could be a corrective pattern only. Larger down trend from 0.9267 (2022 high) might still be in progress. Sustained trading below 55 W EMA (now at 0.8438) will turn favor to this bearish case.

In the long term picture, price action from 0.9499 (2020 high) is seen as part of the long term range pattern from 0.9799 (2008 high). Range trading should continue between 0.8201 and 0.9499, until there is clear signal of imminent breakout.

Daily Pivots: (S1) 0.8450; (P) 0.8486; (R1) 0.8512; More…

Intraday bias in EUR/GBP remains neutral first. On the upside, firm break of 0.8539 resistance will indicate that fall from 0.8737 has completed as a correction, after defending 55 D EMA (now at 0.8462). Intraday bias will be turned back to the upside for retest 0.8737 resistance. However, sustained trading below 55 D EMA will suggest that whole rise from 0.8221 has already complete and turn outlook bearish.

In the bigger picture, down trend from 0.9267 (2022 high) should have completed at 0.8221, just ahead of 0.9201 key support (2024 low). Rise from 0.8221 is likely reversing the whole fall. Further rise should be seen to 61.8% retracement of 0.9267 to 0.8221 at 0.8867 next. This will remain the favored case as long as 0.8472 resistance turned support holds. However, firm break of 0.8472 will argue that the down trend hasn’t completed yet.

Daily Pivots: (S1) 0.8482; (P) 0.8502; (R1) 0.8523; More…

Intraday bias in EUR/GBP is turned neutral again with current recovery. Break of 0.8539 resistance will indicate that fall from 0.8737 has completed as a correction, after defending 55 D EMA (now at 0.8462). Intraday bias will be turned back to the upside for retest 0.8737 resistance. However, sustained trading below 55 D EMA will suggest that whole rise from 0.8221 has already complete and turn outlook bearish.

In the bigger picture, down trend from 0.9267 (2022 high) should have completed at 0.8221, just ahead of 0.9201 key support (2024 low). Rise from 0.8221 is likely reversing the whole fall. Further rise should be seen to 61.8% retracement of 0.9267 to 0.8221 at 0.8867 next. This will remain the favored case as long as 0.8472 resistance turned support holds. However, firm break of 0.8472 will argue that the down trend hasn’t completed yet.

Daily Pivots: (S1) 0.8471; (P) 0.8496; (R1) 0.8529; More…

Intraday bias in EUR/GBP stays mildly on the downside for the moment. Sustained trading below 55 D EMA (now at 0.8461) will suggest that whole rise from 0.8221 has already complete and turn outlook bearish. Nevertheless, rebound from current level, followed by break of 0.8539 resistance, will suggest that the correction from 0.8737 has completed, and retain near term bullishness.

In the bigger picture, down trend from 0.9267 (2022 high) should have completed at 0.8221, just ahead of 0.9201 key support (2024 low). Rise from 0.8221 is likely reversing the whole fall. Further rise should be seen to 61.8% retracement of 0.9267 to 0.8221 at 0.8867 next. This will remain the favored case as long as 0.8472 resistance turned support holds. However, firm break of 0.8472 will argue that the down trend hasn’t completed yet.

Daily Pivots: (S1) 0.8504; (P) 0.8518; (R1) 0.8527; More…

EUR/GBP’s fall from 0.8737 resumed after brief consolidations and intraday bias is back on the downside. Sustained trading below 55 D EMA (now at 0.8457) will suggest that whole rise from 0.8221 has already complete and turn outlook bearish. Nevertheless, rebound from current level, followed by break of 0.8539 resistance, will suggest that the correction from 0.8737 has completed, and retain near term bullishness.

In the bigger picture, down trend from 0.9267 (2022 high) should have completed at 0.8221, just ahead of 0.9201 key support (2024 low). Rise from 0.8221 is likely reversing the whole fall. Further rise should be seen to 61.8% retracement of 0.9267 to 0.8221 at 0.8867 next. This will remain the favored case as long as 0.8472 resistance turned support holds. However, firm break of 0.8472 will argue that the down trend hasn’t completed yet.

Daily Pivots: (S1) 0.8504; (P) 0.8518; (R1) 0.8527; More…

Intraday bias in EUR/GBP stays neutral at this point. On the downside, below 0.8478 will target 55 D EMA (now at 0.8455). Sustained trading below there will suggest that whole rise from 0.8221 has already complete and turn outlook bearish. However, break of 0.8622 resistance will suggest that the correction from 0.8737 has completed, and retain near term bullishness.

In the bigger picture, down trend from 0.9267 (2022 high) should have completed at 0.8221, just ahead of 0.9201 key support (2024 low). Rise from 0.8221 is likely reversing the whole fall. Further rise should be seen to 61.8% retracement of 0.9267 to 0.8221 at 0.8867 next. This will remain the favored case as long as 0.8472 resistance turned support holds.

Daily Pivots: (S1) 0.8491; (P) 0.8516; (R1) 0.8541; More…

Intraday bias in EUR/GBP remains neutral for the moment. On the downside, below 0.8478 will target 55 D EMA (now at 0.8455). Sustained trading below there will suggest that whole rise from 0.8221 has already complete and turn outlook bearish. However, break of 0.8622 resistance will suggest that the correction from 0.8737 has completed, and retain near term bullishness.

In the bigger picture, down trend from 0.9267 (2022 high) should have completed at 0.8221, just ahead of 0.9201 key support (2024 low). Rise from 0.8221 is likely reversing the whole fall. Further rise should be seen to 61.8% retracement of 0.9267 to 0.8221 at 0.8867 next. This will remain the favored case as long as 0.8472 resistance turned support holds.

EUR/GBP’s edged lower to 0.8478 last week but recovered since then. Initial bias is turned neutral this week first. On the downside, below 0.8478 will target 55 D EMA (now at 0.8455). Sustained trading below there will suggest that whole rise from 0.8221 has already complete and turn outlook bearish. However, break of 0.8622 resistance will suggest that the correction from 0.8737 has completed, and retain near term bullishness.

In the bigger picture, down trend from 0.9267 (2022 high) should have completed at 0.8221, just ahead of 0.9201 key support (2024 low). Rise from 0.8221 is likely reversing the whole fall. Further rise should be seen to 61.8% retracement of 0.9267 to 0.8221 at 0.8867 next. This will remain the favored case as long as 0.8472 resistance turned support holds.

In the long term picture, price action from 0.9499 (2020 high) is seen as part of the long term range pattern from 0.9799 (2008 high). Range trading should continue between 0.8201 and 0.9499, until there is clear signal of imminent breakout.

Daily Pivots: (S1) 0.8486; (P) 0.8498; (R1) 0.8517; More…

EUR/GBP’s fall from 0.8737 should still be in progress for 55 D EMA (now at 0.8451). Sustained break there will argue that whole rebound from 0.8221 has completed and turn near term outlook bearish. On the upside, though, break of 0.8544 resistance will turn bias back to the upside fro retesting 0.8737.

In the bigger picture, down trend from 0.9267 (2022 high) should have completed at 0.8221, just ahead of 0.9201 key support (2024 low). Rise from 0.8221 is likely reversing the whole fall. Further rise should be seen to 61.8% retracement of 0.9267 to 0.8221 at 0.8867 next. This will remain the favored case as long as 0.8472 resistance turned support holds.

Daily Pivots: (S1) 0.8474; (P) 0.8507; (R1) 0.8531; More…

EUR/GBP’s decline from 0.8737 is still in progress and deeper fall could be seen to 55 D EMA (now at 0.8453). Sustained break there will argue that whole rebound from 0.8221 has completed and turn near term outlook bearish. On the upside, though, break of 0.8622 resistance will bring retest of 0.8737.

In the bigger picture, down trend from 0.9267 (2022 high) should have completed at 0.8221, just ahead of 0.9201 key support (2024 low). Rise from 0.8221 is likely reversing the whole fall. Further rise should be seen to 61.8% retracement of 0.9267 to 0.8221 at 0.8867 next. This will remain the favored case as long as 0.8472 resistance turned support holds.

Daily Pivots: (S1) 0.8482; (P) 0.8497; (R1) 0.8509; More…

Intraday bias in EUR/GBP remains on the downside for the moment. Fall from 0.8737 is in progress for 55 D EMA (now at 0.8450). Sustained break there will argue that whole rebound from 0.8221 has completed and turn near term outlook bearish. On the upside, though, break of 0.8622 resistance will bring retest of 0.8737.

In the bigger picture, down trend from 0.9267 (2022 high) should have completed at 0.8221, just ahead of 0.9201 key support (2024 low). Rise from 0.8221 is likely reversing the whole fall. Further rise should be seen to 61.8% retracement of 0.9267 to 0.8221 at 0.8867 next. This will remain the favored case as long as 0.8472 resistance turned support holds.

Daily Pivots: (S1) 0.8478; (P) 0.8512; (R1) 0.8529; More…

EUR/GBP’s break of 0.8737 suggests that deeper pullback is underway. Intraday bias is back on the downside for 55 D EMA (now at 0.8448). Sustained break there will argue that whole rebound from 0.8221 has completed and turn near term outlook bearish. On the upside, though, break of 0.8622 resistance will bring retest of 0.8737.

In the bigger picture, down trend from 0.9267 (2022 high) should have completed at 0.8221, just ahead of 0.9201 key support (2024 low). Rise from 0.8221 is likely reversing the whole fall. Further rise should be seen to 61.8% retracement of 0.9267 to 0.8221 at 0.8867 next. This will remain the favored case as long as 0.8472 resistance turned support holds.

Daily Pivots: (S1) 0.8515; (P) 0.8532; (R1) 0.8552; More…

Intraday bias in EUR/GBP stays neutral for the moment. Further rise is expected as long as 0.8518 support holds. On the upside, 0.8622 minor resistance will bring retest of 0.8737 first. Firm break there will resume the larger rally from 0.8221. However, sustained break of 0.8518 will bring deeper fall back to 55 D EMA (now at 0.8450).

In the bigger picture, down trend from 0.9267 (2022 high) should have completed at 0.8221, just ahead of 0.9201 key support (2024 low). Rise from 0.8221 is likely reversing the whole fall. Further rise should be seen to 61.8% retracement of 0.9267 to 0.8221 at 0.8867 next. This will remain the favored case as long as 0.8472 resistance turned support holds.

EUR/GBP’s consolidation from 0.8737 continued last week and outlook is unchanged. Initial bias stays neutral this week first. Further rise is expected as long as 0.8518 support holds. On the upside, 0.8622 minor resistance will bring retest of 0.8737 first. Firm break there will resume the larger rally from 0.8221. However, sustained break of 0.8518 will bring deeper fall back to 55 D EMA (now at 0.8447).

In the bigger picture, down trend from 0.9267 (2022 high) should have completed at 0.8221, just ahead of 0.9201 key support (2024 low). Rise from 0.8221 is likely reversing the whole fall. Further rise should be seen to 61.8% retracement of 0.9267 to 0.8221 at 0.8867 next. This will remain the favored case as long as 0.8472 resistance turned support holds.

In the long term picture, price action from 0.9499 (2020 high) is seen as part of the long term range pattern from 0.9799 (2008 high). Range trading should continue between 0.8201 and 0.9499, until there is clear signal of imminent breakout.

Daily Pivots: (S1) 0.8525; (P) 0.8545; (R1) 0.8559; More…

Intraday bias in EUR/GBP remains neutral and consolidation from 0.8737 might extend. Still, further rise is expected as long as 0.8518 support holds. On the upside, 0.8622 minor resistance will bring retest of 0.8737 first. Firm break there will resume the larger rally from 0.8221. However, sustained break of 0.8518 will bring deeper fall back to 55 D EMA (now at 0.8447).

In the bigger picture, down trend from 0.9267 (2022 high) should have completed at 0.8221, just ahead of 0.9201 key support (2024 low). Rise from 0.8221 is likely reversing the whole fall. Further rise should be seen to 61.8% retracement of 0.9267 to 0.8221 at 0.8867 next. This will now remain the favored case as long as 0.8472 resistance turned support holds.

Daily Pivots: (S1) 0.8518; (P) 0.8551; (R1) 0.8570; More…

Outlook in EUR/GBP is unchanged and intraday bias stays neutral. More consolidations could be seen below 0.8737 short term top. Further rise is expected as long as 0.8518 support holds. On the upside, break of 0.8737 will resume the larger rally from 0.8221. However, sustained break of 0.8518 will bring deeper fall back to 55 D EMA (now at 0.8444).

In the bigger picture, down trend from 0.9267 (2022 high) should have completed at 0.8221, just ahead of 0.9201 key support (2024 low). Rise from 0.8221 is likely reversing the whole fall. Further rise should be seen to 61.8% retracement of 0.9267 to 0.8221 at 0.8867 next. This will now remain the favored case as long as 0.8472 resistance turned support holds.

Daily Pivots: (S1) 0.8549; (P) 0.8582; (R1) 0.8599; More…

Intraday bias in EUR/GBP stays neutral at this point, and more consolidations could be seen below 0.8737 short term top. Further rise is expected as long as 0.8518 support holds. On the upside, break of 0.8737 will resume the larger rally from 0.8221. However, sustained break of 0.8518 will bring deeper fall back to 55 D EMA (now at 0.8438).

In the bigger picture, down trend from 0.9267 (2022 high) should have completed at 0.8221, just ahead of 0.9201 key support (2024 low). Rise from 0.8221 is likely reversing the whole fall. Further rise should be seen to 61.8% retracement of 0.9267 to 0.8221 at 0.8867 next. This will now remain the favored case as long as 0.8472 resistance turned support holds.