EUR/GBP Daily Outlook A temporary low is in place at 0.7648 in EUR/GBP. As noted before, we're looking for strong support from 0.7651 to bring rebound. Intraday bias is turned back to the upside for 0.7946 resistance first. Break will confirm that the corrective pull back fro 0.8116 has completed and bring retest of this high. However, sustained trading below 0.7651 will carry larger bearish indication and target 61.8% retracement of 0.6981 to 0.8116 at 0.7415. In the bigger picture, down trend form 0.9799 (2008 high) should have completed at 0.6935, inside key support zone of 0.6535/7250. 38.2% retracement of 0.9799 to 0.6935 at 0.8029 is already met and EUR/GBP turned into consolidation. Medium term outlook will stay cautiously bullish as long as 0.7651 support holds. Firm break of 0.8116 will target 61.8% retracement at 0.8705. However, considering that EUR/GBP fails to take out long term falling channel. Sustained break of 0.7651 will open up the case for extending the down trend from 0.9799.