Intraday bias in EUR/GBP is turned neutral again with current recovery. Some consolidations would be seen above 0.8446, but outlook will stay bearish as long as 0.8526 resistance holds. On the downside, 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.
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.
