Intraday bias in EUR/GBP stays on the downside at this point. Current down trend should target 100% projection of 0.8728 to 0.8453 from 0.8611 at 0.8336. On the upside, above 0.8427 minor resistance will turn bias neutral and bring consolidations first, before staging another fall.
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.
