EUR/GBP had been losing downside momentum last week, but there is no sign of bottoming. Further fall is expected this week as long as 0.8717 resistance holds. Current fall from 0.8977 should target 100% projection of 0.8977 to 0.8717 from 0.8874 at 0.8614. On the upside, however, break of 0.8717 will indicate short term bottoming
EURGBP Outlook
Daily Pivots: (S1) 0.8678; (P) 0.8692; (R1) 0.8718; More… Further decline is still in favor in EUR/GBP with 0.8717 resistance intact. Current fall from 0.8977 should target 100% projection of 0.8977 to 0.8717 from 0.8874 at 0.8614. On the upside, however, break of 0.8717 will indicate short term bottoming, and turn bias back to the
Daily Pivots: (S1) 0.8659; (P) 0.8684; (R1) 0.8720; More… Some volatility is seen in EUR/GBP with loss of downside momentum. But still, further decline is in favor as long as 0.8717 resistance holds. Current fall from 0.8977 should target 100% projection of 0.8977 to 0.8717 from 0.8874 at 0.8614. On the upside, however, break of
Daily Pivots: (S1) 0.8657; (P) 0.8688; (R1) 0.8707; More… EUR/GBP’s fall from 0.8977 is trying to resume by breaking 0.8660 support. Intraday bias is back on the downside for 100% projection of 0.8977 to 0.8717 from 0.8874 at 0.8614. On the upside, however, break of 0.8717 will indicate short term bottoming, and turn bias back
Daily Pivots: (S1) 0.8681; (P) 0.8692; (R1) 0.8706; More… EUR/GBP is staying in consolidation from 0.8660 and intraday bias remains neutral. Further decline is expected as long as 0.8758 resistance holds. On the downside, break of 0.8660 will resume recent decline from 0.8977 to 100% projection of 0.8977 to 0.8717 from 0.8874 at 0.8614. Nevertheless
Daily Pivots: (S1) 0.8669; (P) 0.8682; (R1) 0.8696; More… Intraday bias in EUR/GBP remains neutral for the moment. Further decline is expected as long as 0.8758 resistance holds. On the downside, break of 0.8660 will resume recent decline from 0.8977 to 100% projection of 0.8977 to 0.8717 from 0.8874 at 0.8614. Nevertheless, break of 0.8758
EUR/GBP stayed in consolidation above 0.8660 last week and outlook is unchanged. Initial bias remains neutral this week first. Further decline is expected as long as 0.8758 resistance holds. On the downside, break of 0.8660 will resume recent decline from 0.8977 to 100% projection of 0.8977 to 0.8717 from 0.8874 at 0.8614. Nevertheless, break of