EURGBP Outlook

EUR/GBP stayed in consolidations above 0.8320 last week. Initial bias remains neutral this week first, and further fall is expected as long as 0.8401 resistance holds. On the downside, firm break of 0.8320 will extend larger down trend to 138.2% projection of 0.8728 to 0.8453 from 0.8611 at at 0.8231.

In the bigger picture, rise from 0.8221 (2024 low) should have completed at 0.8863, just ahead of 61.8% retracement of 0.9267 (2025 high) to 0.8221 at 0.8867. Deeper fall would be seen back to 0.8221. For now, outlook will be stay bearish as long as 0.8453 support turned resistance hold.

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.

EUR/GBP is staying in consolidations above 0.8320 and intraday bias remains neutral. Outlook will stay bearish as long as 0.8401 resistance holds. On the downside, firm break of 0.8320 will extend larger down trend to 138.2% projection of 0.8728 to 0.8453 from 0.8611 at at 0.8231.

In the bigger picture, rise from 0.8221 (2024 low) should have completed at 0.8863, just ahead of 38.2% retracement of 0.9267 (2025 high) to 0.8221 at 0.8867. Deeper fall would be seen back to 0.8221. For now, outlook will be stay bearish as long as 0.453 support turned resistance hold.

Intraday bias in EUR/GBP remains neutral and more consolidations could be seen above 0.8320. Outlook will stay bearish as long as 0.8401 resistance holds. On the downside, firm break of 0.8320 will extend larger down trend to 138.2% projection of 0.8728 to 0.8453 from 0.8611 at at 0.8231.

In the bigger picture, rise from 0.8221 (2024 low) should have completed at 0.8863, just ahead of 38.2% retracement of 0.9267 (2025 high) to 0.8221 at 0.8867. Deeper fall would be seen back to 0.8221. For now, outlook will be stay bearish as long as 0.453 support turned resistance hold.