EUR/GBP Daily Analysis
Intraday bias in EUR/GBP stays neutral for the moment. Further decline is expected with 0.8869 resistance intact. On the downside, the break of 0.8577 will resume the fall from 0.9267, and target a 61.8% projection of 0.9267 to 0.8647 from 0.8869 at 0.8486.
In the bigger picture, current development suggests that a fall from 0.9267 is a down leg inside a long-term range pattern. A deeper fall could be seen towards the 0.8201/8338 support zone. But strong support should be seen there to bring reversal.
