UncategorizedWeekly Analysis

EUR/GBP intraday: the downside prevails as long as 0.8660 is resistance(5.11.2019)

Our pivot point stands at 0.8660.

Our preference: the downside prevails as long as 0.8660 is resistance.

Alternative scenario: above 0.8660, look for 0.8693 and 0.8712.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 0.8637 and 0.8636).

Supports and resistances:
0.8712 **
0.8693 *
0.8660 **
0.8647
0.8633 last
0.8594
0.8574 **
0.8555 *
0.8535 **

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