EURGBP weekly view
EUR/GBP stayed in consolidation from 0.86000 last week and outlook is unchanged.
Initial bias remains neutral this week first and further rise will remain in favor as long as 0.84500 support holds.
On the upside, break of 0.86000 will resume rise from 0.8201 medium term bottom to 0.8697 medium term fibonacci level.
However, break of 0.8365 will dampen this bullish view, and turn bias back to the downside instead.
Initial bias remains neutral this week first and further rise will remain in favor as long as 0.84500 support holds.
On the upside, break of 0.86000 will resume rise from 0.8201 medium term bottom to 0.8697 medium term fibonacci level.
However, break of 0.8365 will dampen this bullish view, and turn bias back to the downside instead.
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