Intraday bias in EUR/GBP remains on the downside for the moment. Firm break of 0.8453 support will target 61.8% projection of 0.8728 to 0.8453 from 0.8611 at 0.8441. Firm break there will target 100% projection at 0.8336. On the upside, above 0.8504 minor resistance will turn intraday bias neutral first.
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. However, sustained break of 0.8610 will argue that fall from 0.8863 might have completed as a correction, instead of reversal.
