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EUR/GBP's recovery lost steam after hitting 4 hours 55 EMA and turned sideway. Initial bias remains mildly on the downside this week. Break of 0.8911 will indicate that correction from 0.9410 has resumed and should target 100% projection of 0.9410 to 0.8996 from 0.9238 at 0.8824 next. Nevertheless, we should see loss of downside momentum in next fall and correction from 0.9410 is expected to conclude inside .8704/8837 support zone. Meanwhile, on the upside, above 0.9060 minor resistance will argue that such correction has possibly completed already and will turn bias back to the upside for 0.9238 resistance for confirmation.
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