Daily Pivots: (S1) 0.8193; (P) 0.8225; (R1) 0.8283; . EUR/GBP's recovery from 0.8067 is still in progress and further rise would still be see. Nevertheless, recent down trend is still in favor to continue as long as 0.8381 resistance holds. Below 0.8165 minor support will flip intraday bias back to the downside. Break of 0.8067 will target 100% projection of 0.9799 to 0.8399 from 0.9410 at... moreDaily Pivots: (S1) 0.8193; (P) 0.8225; (R1) 0.8283; . EUR/GBP's recovery from 0.8067 is still in progress and further rise would still be see. Nevertheless, recent down trend is still in favor to continue as long as 0.8381 resistance holds. Below 0.8165 minor support will flip intraday bias back to the downside. Break of 0.8067 will target 100% projection of 0.9799 to 0.8399 from 0.9410 at 0.8010, which is close to 0.8 psychological level. However, break of 0.8381 will indicate that an important bottom is possibly formed with bullish convergence condition in 4 hours MACD and bring stronger rebound towards 0.8772 resistance next. In the bigger picture, price actions from 0.9799 are treated as consolidations in the larger up trend in form of three waves. The break of 0.8186 cluster support indicates that such correction is deeper than we originally thought. But after all, we'd still expect strong support in 0.7693/8186 support zone to conclude the correction. Hence, focus will remain on reversal signal inside this zone. Based on ActionForex.com Technical Outlook view page