EUR/GBP Daily Outlook

Intraday momentum in the EUR/GBP pair remains negative, having broken below the key support level at 0.8453/6. A forced breach past the 61.8 % projection range—spanning 0.8728 down to 0.8453 after dipping to 0.8611 at 0.8441—poses a target for the full projection of 0.8336. Conversely, above 0.8492 this minor resistance could re‑establish a neutral intraday bias.

In the broader context, a rise from the 2024 low of 0.8221 should complete near 0.8863, just ahead of the 38.2 % retracement zone of the 2025 high at 0.9267 ending at 0.8221 at 0.8867. A deeper corrective move would see the price retreat back toward 0.8221. Consequently, the outlook stays bearish until the key resistance at 0.8611 holds.

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