Intraday bias in EUR/GBP is back on the downside with break of 0.8453/6 support zone. Firm break of 61.8% projection of 0.8728 to 0.8453 from 0.8611 at 0.8441 will target 100% projection at 0.8336. On the upside, above 0.8492 minor resistance will turn intraday bias neutral again.
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 0.8611 resistance hold.
