EUR/GBP intraday: rebound towards 0.8584

EUR/GBP intraday: rebound towards 0.8584
Our pivot point is at 0.8497.

Our preference: rebound towards 0.8584.

Alternative scenario: the downside breakout of 0.8497 would call for 0.8465 and 0.8446.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 0.8526 and 0.8582).
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.