No change in EUR/GBP’s outlook as range trading continues, and intraday bias remains neutral. Rebound from 0.8453 is seen as a corrective bounce. In case of another rise, strong resistance should be seen from 0.8610 support turned resistance to limit upside. On the downside, break of 0.8530 support will turn bias back to the downside for retesting 0.8453. However, firm break of 0.8610 will bring stronger rally to falling channel resistance (now at 0.8640).
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 neutral at best as long as 0.8610 support turned resistance hold.
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