Intraday bias in EUR/GBP remains neutral first. Break of 0.8585 will extend the rebound from 0.8453. But still, strong resistance is expected from 0.8610 to cap upside. On the downside, break of 0.8530 support will turn bias back to the downside for retesting 08453. However, sustained break of 0.8610 will bring stronger rally to falling channel resistance (now at 0.8650).
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 neutral at best as long as 0.8610 support turned resistance hold.
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