Daily Pivots: (S1) 0.8486; (P) 0.8502; (R1) 0.8519; More…
EUR/GBP breached 0.8491 support but couldn’t sustain below it. Intraday bias remains neutral and some more consolidations could be seen. Further decline is expected as long as 55 D EMA (now at 0.8555) holds. Decisive break of 0.8491/7 will resume larger down trend to 0.8376 projection level next.
In the bigger picture, outlook remains bearish as EUR/GBP is capped below medium term falling trendline. That is, down trend from 0.9267 (2022 high) is still in progress. Firm break of 0.8491/7 will target 100% projection of 0.8764 to 0.8497 from 0.8643 at 0.8376.
 holds. Decisive break of 0.8491/7 will resume larger down trend to 0.8376 projection level next.){kind=link}