EUR/GBP Daily Outlook
Daily Pivots: (S1) 0.8729; (P) 0.8778; (R1) 0.8818; More
Near term outlook in EUR/GBP remains mixed for the moment and we’ll stay neutral first. On the upside, above 0.8886 will re-affirm the case that call from 0.9083 has completed at 0.8642 and should bring stronger rise to retest 0.9083. On the downside, however, break of 0.8610/42 support zone will has medium term bearish implication and should bring deeper fall to 0.8284/8355 support zone first.
In the bigger picture, price actions from 0.9799 (2008) should be unfolding as a consolidation
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