UncategorizedWeekly Analysis

EUR/GBP intraday: the downside prevails as long as 0.8639 is resistance

Our pivot point is at 0.8639.

Our preference: the downside prevails as long as 0.8639 is resistance.

Alternative scenario: the upside breakout of 0.8639, would call for 0.8672 and 0.8691.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 0.8617 and 0.8621).

Supports and resistances:
0.8691 **
0.8672 *
0.8639 **
0.8627
0.8611 last
0.8572
0.8553 **
0.8533 *
0.8514 **

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