Intraday bias in EUR/GBP is turned neutral with current recovery. Some consolidations would be seen above 0.8360. Further decline is expected as long as 0.8453 support turned resistance holds Below 0.8360 will target 100% projection of 0.8728 to 0.8453 from 0.8611 at 0.8336. Firm break there will target 138.2% projection at 0.8231.
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.
