EUR/GBP Daily Outlook
Daily Pivots: (S1) 0.8665; (P) 0.8692; (R1) 0.8711; More
At this point, we’re still favoring the case that rebound from 0.8529 is finished at 0.8795. Hence, further decline should be seen for retesting 0.8529 support next. Break will confirm resumption of whole fall from 0.9083. On the upside, above 0.8795 will in turn resume such rebound towards 0.8884 resistance. But in such case, we’ll focus on reversal signal as EUR/GBP approaches 0.8884.
In the bigger picture, price actions from 0.9799 (2008) should be unfolding as a consolidation
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