Daily Pivots: (S1) 0.8730; (P) 0.8753; (R1) 0.8768; More…

Intraday bias in EUR/GBP remains on the downside for 0.8722 support. Break there will resume whole decline from 0.9097 and target 0.8620 support next. On the upside, above 0.8800 minor resistance will turn intraday bias neutral first. But another fall is in favor as long as 0.8939 resistance holds.

- advertisement -

In the bigger picture, EUR/GBP is seen as staying in long term range pattern started at 0.9304 (2016 high). On the downside, break of 0.8722 will extend the falling leg through 0.8620 support. On the upside, break of 0.9097 will target 0.9304 resistance instead.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.