Intraday bias in EUR/GBP remains neutral at this point. Outlook is unchanged that rebound from 0.8453 is seen as a corrective move. Upside should be limited by 0.8610 support turned resistance. Break of 0.8545 will turn bias back to the downside for retesting 0.8453 low. However, sustained break of 0.8610 will dampen this bearish view and bring stronger rally to falling channel resistance (now at 0.8638).
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. However, sustained break of 0.8610 will argue that fall from 0.8863 might have completed as a correction, instead of reversal.
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