Daily Pivots: (S1) 0.8461; (P) 0.8476; (R1) 0.8498; More…

Further fall is expected in EUR/GBP despite loss of downside momentum. Sustained break of 0.8448 low will resume larger down trend from 0.9499, towards 0.8276 key support. On the upside, break of 0.8516 resistance will indicate short term bottoming, and bring stronger rebound towards 55 day EMA (now at 0.8543).

In the bigger picture, price actions from 0.9499 (2020 high) are still seen as developing into a corrective pattern. Deeper fall could be seen as long as 0.8668 resistance holds, towards long term support at 0.8276. However, firm break of 0.8668 resistance would argue that a medium term bottom was already formed. Stronger rise would be seen to 0.8861 support turned resistance to confirm completion of the corrective pattern.

Daily Pivots: (S1) 0.8475; (P) 0.8487; (R1) 0.8500; More…

Intraday bias in EUR/GBP is back on the downside as fall from 0.8656 resumes through 0.8471 temporary low. Sustained break of 0.84448 low will resume larger down trend from 0.9499, towards 0.8276 key support. On the upside, break of 0.8516 resistance is needed to indicate short term bottoming. Otherwise, outlook will stay bearish in case of recovery.

In the bigger picture, price actions from 0.9499 (2020 high) are still seen as developing into a corrective pattern. Deeper fall could be seen as long as 0.8668 resistance holds, towards long term support at 0.8276. However, firm break of 0.8668 resistance would argue that a medium term bottom was already formed. Stronger rise would be seen to 0.8861 support turned resistance to confirm completion of the corrective pattern.

Daily Pivots: (S1) 0.8475; (P) 0.8487; (R1) 0.8500; More…

Intraday bias in EUR/GBP remains neutral for consolidation above 0.8471 temporary low. Further decline is expected as long as 55 day EMA (now at 0.8543) holds. On the downside, below 0.8471 will resume the fall from 0.8656 to retest 0.8448 low. Firm break there resume larger down trend from 0.9499, towards 0.8276 key support.

In the bigger picture, price actions from 0.9499 (2020 high) are still seen as developing into a corrective pattern. Deeper fall could be seen as long as 0.8668 resistance holds, towards long term support at 0.8276. However, firm break of 0.8668 resistance would argue that a medium term bottom was already formed. Stronger rise would be seen to 0.8861 support turned resistance to confirm completion of the corrective pattern.

Daily Pivots: (S1) 0.8467; (P) 0.8492; (R1) 0.8511; More…

Intraday bias in EUR/GBP remains neutral for consolidation above 0.8471 temporary low. Further decline is expected as long as 55 day EMA (now at 0.8545) holds. On the downside, below 0.8471 will resume the fall from 0.8656 to retest 0.8448 low. Firm break there resume larger down trend from 0.9499, towards 0.8276 key support.

In the bigger picture, price actions from 0.9499 (2020 high) are still seen as developing into a corrective pattern. Deeper fall could be seen as long as 0.8668 resistance holds, towards long term support at 0.8276. However, firm break of 0.8668 resistance would argue that a medium term bottom was already formed. Stronger rise would be seen to 0.8861 support turned resistance to confirm completion of the corrective pattern.

Daily Pivots: (S1) 0.8481; (P) 0.8491; (R1) 0.8511; More…

Intraday bias in EUR/GBP is turned neutral with current recovery. Some consolidations could be seen but risk will stay on the downside as long as 0.8656 resistance holds. Below 0.8471 will bring retest of 0.8448 low first. Firm break there resume larger down trend from 0.9499, towards 0.8276 key support.

In the bigger picture, price actions from 0.9499 (2020 high) are still seen as developing into a corrective pattern. Deeper fall could be seen as long as 0.8668 resistance holds, towards long term support at 0.8276. However, firm break of 0.8668 resistance would argue that a medium term bottom was already formed. Stronger rise would be seen to 0.8861 support turned resistance to confirm completion of the corrective pattern.

Daily Pivots: (S1) 0.8485; (P) 0.8493; (R1) 0.8507; More…

Intraday bias in EUR/GBP stays on the downside with 0.8525 minor resistance intact. Deeper fall should be seen to retest 0.8448 low first. Firm break there resume larger down trend from 0.9499, towards 0.8276 key support. On the upside, above 0.8543 minor resistance will turn intraday bias neutral first. But risk will stay on the downside as long as 0.8656 resistance holds.

In the bigger picture, price actions from 0.9499 (2020 high) are still seen as developing into a corrective pattern. Deeper fall could be seen as long as 0.8668 resistance holds, towards long term support at 0.8276. However, firm break of 0.8668 resistance would argue that a medium term bottom was already formed. Stronger rise would be seen to 0.8861 support turned resistance to confirm completion of the corrective pattern.

EUR/GBP’s break of 0.8499 support last week suggests that corrective rise from 0.8447 has completed with three waves up to 0.8656. Initial bias stays on the downside this week for retesting 0.8448 low first. Firm break there resume larger down trend from 0.9499, towards 0.8276 key support. On the upside, above 0.8543 minor resistance will turn intraday bias neutral first. But risk will stay on the downside as long as 0.8656 resistance holds.

In the bigger picture, price actions from 0.9499 (2020 high) are still seen as developing into a corrective pattern. Deeper fall could be seen as long as 0.8668 resistance holds, towards long term support at 0.8276. However, firm break of 0.8668 resistance would argue that a medium term bottom was already formed. Stronger rise would be seen to 0.8861 support turned resistance to confirm completion of the corrective pattern.

In the long term picture, outlook will stay bullish as long as 0.8276 support holds. Break of 0.9499 is in favor at a later stage, to resume the up trend from 0.6935 (2015 low).

Daily Pivots: (S1) 0.8467; (P) 0.8494; (R1) 0.8514; More…

Intraday bias in EUR/GBP remains on the downside at this point. Corrective rebound from 0.8488 should have completed with three waves up to 0.8656 already. Deeper fall should be seen to retest 0.8448 low first. Firm break there resume larger down trend from 0.9499, towards 0.8276 key support. On the upside, above 0.8543 minor resistance will turn intraday bias neutral first. But risk will stay on the downside as long as 0.8656 resistance holds.

In the bigger picture, price actions from 0.9499 (2020 high) are still seen as developing into a corrective pattern. Deeper fall could be seen as long as 0.8668 resistance holds, towards long term support at 0.8276. However, firm break of 0.8668 resistance would argue that a medium term bottom was already formed. Stronger rise would be seen to 0.8861 support turned resistance to confirm completion of the corrective pattern.

Daily Pivots: (S1) 0.8492; (P) 0.8510; (R1) 0.8524; More…

EUR/GBP’s break of 0.8499 support suggests that corrective rebound form 0.8488 has completed with three waves up to 0.8656 already. With 0.8668 resistance intact, near term outlook stays bearish. Intraday bias is back on the downside for retesting 0.8448 low first. Firm break there will resume larger down trend from 0.9499, towards 0.8276 key support. On the upside, above 0.8543 minor resistance will turn intraday bias neutral first. But risk will stay on the downside as long as 0.8656 resistance holds.

In the bigger picture, price actions from 0.9499 (2020 high) are still seen as developing into a corrective pattern. Deeper fall could be seen as long as 0.8668 resistance holds, towards long term support at 0.8276. However, firm break of 0.8668 resistance would argue that a medium term bottom was already formed. Stronger rise would be seen to 0.8861 support turned resistance to confirm completion of the corrective pattern.

Daily Pivots: (S1) 0.8494; (P) 0.8520; (R1) 0.8536; More…

Focus is now on 0.8499 support in EUR/GBP. Sustained break there will argue that corrective rebound from 0.8488 has completed with three waves up to 0.8656. Also, near term bearishness is kept by rejection from 0.8668 resistance. Deeper fall would be seen back to retest 0.8488 in this case. Break will resume larger down trend from 0.9499.

In the bigger picture, price actions from 0.9499 (2020 high) are still seen as developing into a corrective pattern. Deeper fall could be seen as long as 0.8668 resistance holds, towards long term support at 0.8276. However, firm break of 0.8668 resistance would argue that a medium term bottom was already formed. Stronger rise would be seen to 0.8861 support turned resistance to confirm completion of the corrective pattern.

Daily Pivots: (S1) 0.8522; (P) 0.8547; (R1) 0.8564; More…

Intraday bias in EUR/GBP remains neutral first. On the upside, sustained break of 0.8668 will be a strong sign of larger bullish reversal. Next target will be 161.8% projection of 0.8448 to 0.8612 from 0.8499 at 0.8764. On the downside, though, break of 0.8499 will bring retest of 0.8448 low instead.

In the bigger picture, price actions from 0.9499 (2020 high) are still seen as developing into a corrective pattern. Deeper fall could be seen as long as 0.8668 resistance holds, towards long term support at 0.8276. However, firm break of 0.8668 resistance would argue that a medium term bottom was already formed. Stronger rise would be seen to 0.8861 support turned resistance to confirm completion of the corrective pattern.

Daily Pivots: (S1) 0.8529; (P) 0.8576; (R1) 0.8608; More…

Intraday bias in EUR/GBP remains neutral for the moment. On the upside, sustained break of 0.8668 will be a strong sign of larger bullish reversal. Next target will be 161.8% projection of 0.8448 to 0.8612 from 0.8499 at 0.8764. On the downside, though, break of 0.8499 will bring retest of 0.8448 low instead.

In the bigger picture, price actions from 0.9499 (2020 high) are still seen as developing into a corrective pattern. Deeper fall could be seen as long as 0.8668 resistance holds, towards long term support at 0.8276. However, firm break of 0.8668 resistance would argue that a medium term bottom was already formed. Stronger rise would be seen to 0.8861 support turned resistance to confirm completion of the corrective pattern.

EUR/GBP rose to as high as 0.8656 last week but failed to break through 0.8668 key structural resistance and retreated sharply. Initial bias remains neutral this week first. On the upside, sustained break of 0.8668 will be a strong sign of larger bullish reversal. Next target will be 161.8% projection of 0.8448 to 0.8612 from 0.8499 at 0.8764. On the downside, though, break of 0.8499 will bring retest of 0.8448 low instead.

In the bigger picture, price actions from 0.9499 (2020 high) are still seen as developing into a corrective pattern. Deeper fall could be seen as long as 0.8668 resistance holds, towards long term support at 0.8276. However, firm break of 0.8668 resistance would argue that a medium term bottom was already formed. Stronger rise would be seen to 0.8861 support turned resistance to confirm completion of the corrective pattern.

In the long term picture, outlook will stay bullish as long as 0.8276 support holds. Break of 0.9499 is in favor at a later stage, to resume the up trend from 0.6935 (2015 low).

Daily Pivots: (S1) 0.8567; (P) 0.8605; (R1) 0.8632; More…

EUR/GBP retreated ahead of 0.8668 key structural resistance and intraday bias is turned neutral first. On the upside, sustained break of 0.8668 will be a strong sign of larger bullish reversal. Next target will be 161.8% projection of 0.8448 to 0.8612 from 0.8499 at 0.8764. On the downside, though, break of 0.8499 will bring retest of 0.8448 low instead.

In the bigger picture, price actions from 0.9499 (2020 high) are still seen as developing into a corrective pattern. Deeper fall could be seen as long as 0.8668 resistance holds, towards long term support at 0.8276. However, firm break of 0.8668 resistance would argue that a medium term bottom was already formed. Stronger rise would be seen to 0.8861 support turned resistance to confirm completion of the corrective pattern.

Daily Pivots: (S1) 0.8615; (P) 0.8636; (R1) 0.8660; More…

Intraday bias in EUR/GBP remains on the upside as rise form 0.8448 is in progress for 0.8668 key structural resistance. Sustained break there will be a strong sign of larger bullish reversal. Next target will be 161.8% projection of 0.8448 to 0.8612 from 0.8499 at 0.8764. On the downside, break of 0.8499 support is needed to confirm completion of the rebound. Otherwise, further rise will remain mildly in favor in case of retreat.

In the bigger picture, price actions from 0.9499 (2020 high) are still seen as developing into a corrective pattern. Deeper fall could be seen as long as 0.8668 resistance holds, towards long term support at 0.8276. However, firm break of 0.8668 resistance would argue that a medium term bottom was already formed. Stronger rise would be seen to 0.8861 support turned resistance to confirm completion of the corrective pattern.

Daily Pivots: (S1) 0.8557; (P) 0.8599; (R1) 0.8672; More…

EUR/GBP’s rebound from 0.8448 resumed by breaking 0.8612 resistance. Intraday bias is back on the upside for 0.8668 key structural resistance next. Sustained break there will be a strong sign of larger bullish reversal. Next target will be 161.8% projection of 0.8448 to 0.8612 from 0.8499 at 0.8764.

In the bigger picture, price actions from 0.9499 (2020 high) are still seen as developing into a corrective pattern. Deeper fall could be seen as long as 0.8668 resistance holds, towards long term support at 0.8276. However, firm break of 0.8668 resistance would argue that a medium term bottom was already formed. Stronger rise would be seen to 0.8861 support turned resistance to confirm completion of the corrective pattern.

Daily Pivots: (S1) 0.8516; (P) 0.8547; (R1) 0.8568; More…

Intraday bias in EUR/GBP remains neutral as range trading continues. On the upside, break of 0.8612 will resume the whole rise from 0.8448 for 0.8668 key structural resistance. Sustained break there will be a strong sign of larger bullish reversal. On the downside, however, break of 0.8499 support will bring another fall towards 0.8448 low instead.

In the bigger picture, price actions from 0.9499 (2020 high) are still seen as developing into a corrective pattern. Deeper fall could be seen as long as 0.8668 resistance holds, towards long term support at 0.8276. However, firm break of 0.8668 resistance would argue that a medium term bottom was already formed. Stronger rise would be seen to 0.8861 support turned resistance to confirm completion of the corrective pattern.

Daily Pivots: (S1) 0.8556; (P) 0.8567; (R1) 0.8583; More…

Intraday bias in EUR/GBP remains neutral for the moment. On the upside, break of 0.8612 will resume the whole rise from 0.8448 for 0.8668 key structural resistance. Sustained break there will be a strong sign of larger bullish reversal. On the downside, however, break of 0.8499 support will bring another fall towards 0.8448 low instead.

In the bigger picture, price actions from 0.9499 (2020 high) are still seen as developing into a corrective pattern. Deeper fall could be seen as long as 0.8668 resistance holds, towards long term support at 0.8276. However, firm break of 0.8668 resistance would argue that a medium term bottom was already formed. Stronger rise would be seen to 0.8861 support turned resistance to confirm completion of the corrective pattern.

EUR/GBP failed to break through 0.8612 resistance last week and stayed in sideway trading. Initial bias remains neutral this week first. On the upside, break of 0.8612 will resume the whole rise from 0.8448 for 0.8668 key structural resistance. Sustained break there will be a strong sign of larger bullish reversal. On the downside, however, break of 0.8499 support will bring another fall towards 0.8448 low instead.

In the bigger picture, price actions from 0.9499 (2020 high) are still seen as developing into a corrective pattern. Deeper fall could be seen as long as 0.8668 resistance holds, towards long term support at 0.8276. However, firm break of 0.8668 resistance would argue that a medium term bottom was already formed. Stronger rise would be seen to 0.8861 support turned resistance to confirm completion of the corrective pattern.

In the long term picture, outlook will stay bullish as long as 0.8276 support holds. Break of 0.9499 is in favor at a later stage, to resume the up trend from 0.6935 (2015 low).

Daily Pivots: (S1) 0.8533; (P) 0.8561; (R1) 0.8586; More…

Intraday bias in EUR/GBP remains neutral for the moment. On the upside, firm break of 0.8612 will resume the rebound from 0.8448 to 0.8688 key structural resistance. Sustained break there will be a strong sign of larger bullish reversal. On the downside, however, break of 0.8499 support will bring another fall towards 0.8448 low instead.

In the bigger picture, price actions from 0.9499 (2020 high) are still seen as developing into a corrective pattern. Deeper fall could be seen as long as 0.8668 resistance holds, towards long term support at 0.8276. However, firm break of 0.8668 resistance would argue that a medium term bottom was already formed. Stronger rise would be seen to 0.8861 support turned resistance to confirm completion of the corrective pattern.