Intraday bias is EUR/GBP is turned neutral for the moment after it drew support from 0.8164 and recovered. Wed stay cautious on strong rebound from current level to bring reversal. Above 0.8226 minor resistance will turn bias back to the upside. Further break of 0.8349 will at least confirm short term bottoming. Meanwhile, decisive break of 0.8164 will have larger bearish implication and would pave the way to 0.8 psychological level.
Posted on: Wed, 19 Feb 2014 01:45:31 +0000
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