EUR/GBP rose further to 0.8750 last week but retreated ahead of 0.8752 resistance. Initial bias turned neutral this week first. Further rally is expected as long as 0.8694 support holds. Firm break of 0.8752 will resume larger rally to 61.8% projection of 0.8354 to 0.8752 from 0.8631 at 0.8877, which is close to 0.8867 However, break of 0.8694 will turn bias back to the downside for 0.8631 support instead.

In the bigger picture, the structure from 0.8221 medium term bottom are not impulsive enough to suggest that it’s reversing the down trend from 0.9267 (2022 high). But even if it’s a correction, further rise could still be seen to 61.8% retracement of 0.9267 to 0.8221 at 0.8867. Nevertheless, sustained trading below 55 W EMA (now at 0.8533) will argue that the pattern has completed and bring retest of 0.8221 low.

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) 0.8727; (P) 0.8739; (R1) 0.8755; More…

Intraday bias in EUR/GBP is back on the upside as rise resume after brief consolidations. Decisive break of 0.8752 resistance will resume larger rally to 61.8% projection of 0.8354 to 0.8752 from 0.8631 at 0.8877, which is close to 0.8867 fibonacci level. However, break of 0.8694 will turn bias back to the downside for 0.8631 support, to extend near term sideway trading.

In the bigger picture, the structure from 0.8221 medium term bottom are not impulsive enough to suggest that it’s reversing the down trend from 0.9267 (2022 high). But even if it’s a correction, further rise could still be seen to 61.8% retracement of 0.9267 to 0.8221 at 0.8867. Nevertheless, sustained trading below 55 W EMA (now at 0.8518) will argue that the pattern has completed and bring retest of 0.8221 low.

Daily Pivots: (S1) 0.8720; (P) 0.8732; (R1) 0.8742; More…

EUR/GBP retreated ahead of 0.8752 key resistance and intraday bias is turned neutral first. Further rise is expected as long as 0..8694 support holds. Decisive break of 0.8752 will resume larger rally to 61.8% projection of 0.8354 to 0.8752 from 0.8631 at 0.8877, which is close to 0.8867 fibonacci level. However, break of 0.8694 will turn bias back to the downside for 0.8631 support, to extend near term sideway trading.

In the bigger picture, the structure from 0.8221 medium term bottom are not impulsive enough to suggest that it’s reversing the down trend from 0.9267 (2022 high). But even if it’s a correction, further rise could still be seen to 61.8% retracement of 0.9267 to 0.8221 at 0.8867. Nevertheless, sustained trading below 55 W EMA (now at 0.8518) will argue that the pattern has completed and bring retest of 0.8221 low.

Daily Pivots: (S1) 0.8719; (P) 0.8733; (R1) 0.8748; More…

Intraday bias in EUR/GBP remains on the upside for the moment. Rise from 0.8631 is in progress for retesting 0.8752 high. Firm break there will resume larger rally to 61.8% projection of 0.8354 to 0.8752 from 0.8631 at 0.8877, which is close to 0.8867 fibonacci level. On the downside, though, below 0.8707 minor support will turn bias neutral first.

In the bigger picture, the structure from 0.8221 medium term bottom are not impulsive enough to suggest that it’s reversing the down trend from 0.9267 (2022 high). But even if it’s a correction, further rise could still be seen to 61.8% retracement of 0.9267 to 0.8221 at 0.8867. Nevertheless, sustained trading below 55 W EMA (now at 0.8518) will argue that the pattern has completed and bring retest of 0.8221 low.

Daily Pivots: (S1) 0.8717; (P) 0.8726; (R1) 0.8743; More…

EUR/GBP’s rally from 0.8631 is in progress and intraday bias stays on the upside for retesting 0.8752. Firm break there will resume larger rally to 61.8% projection of 0.8354 to 0.8752 from 0.8631 at 0.8877, which is close to 0.8867 fibonacci level. On the downside, though, below 0.8694 minor support will turn bias neutral first.

In the bigger picture, the structure from 0.8221 medium term bottom are not impulsive enough to suggest that it’s reversing the down trend from 0.9267 (2022 high). But even if it’s a correction, further rise could still be seen to 61.8% retracement of 0.9267 to 0.8221 at 0.8867. Nevertheless, sustained trading below 55 W EMA (now at 0.8518) will argue that the pattern has completed and bring retest of 0.8221 low.

Daily Pivots: (S1) 0.8698; (P) 0.8714; (R1) 0.8737; More…

Intraday bias in EUR/GBP remains on the upside for retesting 0.8752 resistance. Firm break there will resume larger rally to 61.8% projection of 0.8354 to 0.8752 from 0.8631 at 0.8877, which is close to 0.8867 fibonacci level. On the downside, though, below 0.8688 minor support will dampen this view and turn bias neutral first.

In the bigger picture, the structure from 0.8221 medium term bottom are not impulsive enough to suggest that it’s reversing the down trend from 0.9267 (2022 high). But even if it’s a correction, further rise could still be seen to 61.8% retracement of 0.9267 to 0.8221 at 0.8867. Nevertheless, sustained trading below 55 W EMA (now at 0.8518) will argue that the pattern has completed and bring retest of 0.8221 low.

EUR/GBP surged through 0.8711 resistance last week. One interpretation is that consolidations pattern from 0.8752 has completed as a triangle at 0.8631. Initial bias remains on the upside this week for retesting 0.8752 high. Firm break there will resume larger rally to 61.8% projection of 0.8354 to 0.8752 from 0.8631 at 0.8877, which is close to 0.8867 fibonacci level. On the downside, though, below 0.8688 minor support will dampen this view and turn bias neutral first.

In the bigger picture, the structure from 0.8221 medium term bottom are not impulsive enough to suggest that it’s reversing the down trend from 0.9267 (2022 high). But even if it’s a correction, further rise could still be seen to 61.8% retracement of 0.9267 to 0.8221 at 0.8867. Nevertheless, sustained trading below 55 W EMA (now at 0.8518) will argue that the pattern has completed and bring retest of 0.8221 low.

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) 0.8671; (P) 0.8685; (R1) 0.8710; More…

EUR/GBP’s rally continues today and intraday bias stays on the upside. The rebound from 0.8595 is in progress for retesting 0.8752 high. Firm break there will extend the rise from 0.8221 to 0.8867 fibonacci level. On the downside, below 0.8688 minor support will turn intraday bias neutral again first. But further rise is expected as long as 0.8631 support holds, in case of retreat.

In the bigger picture, the structure from 0.8221 medium term bottom are not impulsive enough to suggest that it’s reversing the down trend from 0.9267 (2022 high). But even if it’s a correction, further rise could still be seen to 61.8% retracement of 0.9267 to 0.8221 at 0.8867. Nevertheless, sustained trading below 55 W EMA (now at 0.8518) will argue that the pattern has completed and bring retest of 0.8221 low.

Daily Pivots: (S1) 0.8662; (P) 0.8680; (R1) 0.8715; More…

Intraday bias in EUR/GBP stays mildly on the upside at this point. Break of 0.8711 resistance will resume the rise from 0.8595 to retest 0.8752 high. For now, further rise is expected as long as 0.8631 support holds, in case of retreat.

In the bigger picture, the structure from 0.8221 medium term bottom are not impulsive enough to suggest that it’s reversing the down trend from 0.9267 (2022 high). But even if it’s a correction, further rise could still be seen to 61.8% retracement of 0.9267 to 0.8221 at 0.8867. Nevertheless, sustained trading below 55 W EMA (now at 0.8518) will argue that the pattern has completed and bring retest of 0.8221 low.

Daily Pivots: (S1) 0.8662; (P) 0.8680; (R1) 0.8715; More…

EUR/GBP’s break of 0.8683 resistance suggests that pullback from 0.8711 has completed at 0.8631. Rise from 0.8595 is resuming. Intraday bias is back on the upside for 0.8711 first. Break there will target a retest on 0.8752 high. For now, further rise is expected as long as 0.8631 support holds, in case of retreat.

In the bigger picture, the structure from 0.8221 medium term bottom are not impulsive enough to suggest that it’s reversing the down trend from 0.9267 (2022 high). But even if it’s a correction, further rise could still be seen to 61.8% retracement of 0.9267 to 0.8221 at 0.8867. Nevertheless, sustained trading below 55 W EMA (now at 0.8518) will argue that the pattern has completed and bring retest of 0.8221 low.

Daily Pivots: (S1) 0.8634; (P) 0.8647; (R1) 0.8661; More…

EUR/GBP is still holding on to 0.8636 support despite breaching it. Intraday bias stays neutral. On the upside, break of 0.8683 minor resistance will extend the rebound from 0.8595 through 0.8711 to retest 0.8752 high. However, firm break of 0.8636 will turn bias to the downside for 0.8595 support instead.

In the bigger picture, the structure from 0.8221 medium term bottom are not impulsive enough to suggest that it’s reversing the down trend from 0.9267 (2022 high). But even if it’s a correction, further rise could still be seen to 61.8% retracement of 0.9267 to 0.8221 at 0.8867. Nevertheless, sustained trading below 55 W EMA (now at 0.8518) will argue that the pattern has completed and bring retest of 0.8221 low.

Daily Pivots: (S1) 0.8642; (P) 0.8653; (R1) 0.8667; More…

Intraday bias in EUR/GBP stays neutral at this point. On the upside, break of 0.8683 minor resistance will extend the rebound from 0.8595 through 0.8711 to retest 0.8752 high. However, firm break of 0.8636 will turn bias to the downside for 0.8595 support instead.

In the bigger picture, the structure from 0.8221 medium term bottom are not impulsive enough to suggest that it’s reversing the down trend from 0.9267 (2022 high). But even if it’s a correction, further rise could still be seen to 61.8% retracement of 0.9267 to 0.8221 at 0.8867. Nevertheless, sustained trading below 55 W EMA (now at 0.8518) will argue that the pattern has completed and bring retest of 0.8221 low.

EUR/GBP gyrated lower last week as fall from 0.8711 extended, but turned sideway after breaching 0.8636 support briefly. Initial bias stays neutral this week first. On the upside, break of 0.8683 minor resistance will extend the rebound from 0.8595 through 0.8711 to retest 0.8752 high. However, firm break of 0.8636 will turn bias to the downside for 0.8595 support instead.

In the bigger picture, the structure from 0.8221 medium term bottom are not impulsive enough to suggest that it’s reversing the down trend from 0.9267 (2022 high). But even if it’s a correction, further rise could still be seen to 61.8% retracement of 0.9267 to 0.8221 at 0.8867. Nevertheless, sustained trading below 55 W EMA (now at 0.8518) will argue that the pattern has completed and bring retest of 0.8221 low.

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) 0.8634; (P) 0.8648; (R1) 0.8661; More…

Intraday bias in EUR/GBP remains neutral for the moment. As long as 0.8636 minor support holds, further rise is still in favor. Above 0.8683 resistance will turn bias to the upside for 0.8711. Break there will bring retest of 0.8752 high. However, firm break of 0.8636 will extend the pattern from 0.88752 with another falling leg, and target 0.8595 support.

In the bigger picture, the structure from 0.8221 medium term bottom are not impulsive enough to suggest that it’s reversing the down trend from 0.9267 (2022 high). But even if it’s a correction, further rise could still be seen to 61.8% retracement of 0.9267 to 0.8221 at 0.8867. Nevertheless, sustained trading below 55 W EMA (now at 0.8519) will argue that the pattern has completed and bring retest of 0.8221 low.

Daily Pivots: (S1) 0.8635; (P) 0.8648; (R1) 0.8657; More…

Intraday bias in EUR/GBP stays neutral and outlook is unchanged. Further rise is mildly in favor with 0.8636 minor support intact. On the upside above 0.8711 will bring retest of 0.8752 high. However, break of 0.8636 will extend the pattern from 0.88752 with another falling leg, and target 0.8959 support.

In the bigger picture, the structure from 0.8221 medium term bottom are not impulsive enough to suggest that it’s reversing the down trend from 0.9267 (2022 high). But even if it’s a correction, further rise could still be seen to 61.8% retracement of 0.9267 to 0.8221 at 0.8867. Nevertheless, sustained trading below 55 W EMA (now at 0.8519) will argue that the pattern has completed and bring retest of 0.8221 low.

Daily Pivots: (S1) 0.8646; (P) 0.8666; (R1) 0.8676; More…

Intraday bias in EUR/GBP remains neutral and further rise is mildly in favor with 0.8636 minor support intact. On the upside above 0.8711 will bring retest of 0.8752 high. However, break of 0.8636 will extend the pattern from 0.88752 with another falling leg, and target 0.8959 support.

In the bigger picture, the structure from 0.8221 medium term bottom are not impulsive enough to suggest that it’s reversing the down trend from 0.9267 (2022 high). But even if it’s a correction, further rise could still be seen to 61.8% retracement of 0.9267 to 0.8221 at 0.8867. Nevertheless, sustained trading below 55 W EMA (now at 0.8519) will argue that the pattern has completed and bring retest of 0.8221 low.

Daily Pivots: (S1) 0.8670; (P) 0.8678; (R1) 0.8693; More…

No change in EUR/GBP’s outlook. Intraday bias stays neutral and further rise is mildly in favor with 0.8636 minor support intact. On the upside above 0.8711 will bring retest of 0.8752 high. However, break of 0.8636 will extend the pattern from 0.88752 with another falling leg, and target 0.8959 support.

In the bigger picture, the structure from 0.8221 medium term bottom are not impulsive enough to suggest that it’s reversing the down trend from 0.9267 (2022 high). But even if it’s a correction, further rise could still be seen to 61.8% retracement of 0.9267 to 0.8221 at 0.8867. Nevertheless, sustained trading below 55 W EMA (now at 0.8519) will argue that the pattern has completed and bring retest of 0.8221 low.

Daily Pivots: (S1) 0.8664; (P) 0.8675; (R1) 0.8686; More…

Intraday bias in EUR/GBP stays neutral and further rise is in favor with 0.8636 minor support intact. On the upside above 0.8711 will bring retest of 0.8752 high. However, break of 0.8636 will extend the pattern from 0.88752 with another falling leg, and target 0.8959 support.

In the bigger picture, the structure from 0.8221 medium term bottom are not impulsive enough to suggest that it’s reversing the down trend from 0.9267 (2022 high). But even if it’s a correction, further rise could still be seen to 61.8% retracement of 0.9267 to 0.8221 at 0.8867. Nevertheless, sustained trading below 55 W EMA (now at 0.8519) will argue that the pattern has completed and bring retest of 0.8221 low.

EUR/GBP’s rebound form 0.8595 resumed and jumped to 0.8711 last week, but retreated since then. Initial bias stays neutral this week and further rise is mildly in favor as long as 0.8636 minor support holds. Above 0.8711 will bring retest of 0.8752 high. However, break of 0.8636 will extend the pattern from 0.88752 with another falling leg, and target 0.8959 support.

In the bigger picture, the structure from 0.8221 medium term bottom are not impulsive enough to suggest that it’s reversing the down trend from 0.9267 (2022 high). But even if it’s a correction, further rise could still be seen to 61.8% retracement of 0.9267 to 0.8221 at 0.8867. Nevertheless, sustained trading below 55 W EMA (now at 0.8513) will argue that the pattern has completed and bring retest of 0.8221 low.

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) 0.8661; (P) 0.8671; (R1) 0.8682; More…

Intraday bias in EUR/GBP is turned neutral with current retreat. On the upside, above 0.8711 will resume the rebound from 0.8595 to retest 0.8752 resistance. Firm break there will resume whole rally from 0.8221 to 0.8867 fibonacci level. On the downside, though, below 0.8636 support will turn bias back to the downside for 0.8595 instead.

In the bigger picture, the structure from 0.8221 medium term bottom are not impulsive enough to suggest that it’s reversing the down trend from 0.9267 (2022 high). But even if it’s a correction, further rise could still be seen to 61.8% retracement of 0.9267 to 0.8221 at 0.8867. Nevertheless, sustained trading below 55 W EMA (now at 0.8513) will argue that the pattern has completed and bring retest of 0.8221 low.