A sharp spike lower failed to yield follow-through, with the Euro still locked in a familiar consolidation range against the British Pound. Resistance remains at 0.8133, the 61.8% Fibonacci expansion, with a break above that exposing the 50% level at 0.8157. Alternatively, a daily close below the 76.4% Fib at 0.8104 opens door for a test of the
Near-term positioning is inconclusive at this point as prices search for the next directional trigger. We will stand aside for now, waiting for a better-defined opportunity to present itself.