UncategorizedWeekly Analysis

EUR/GBP intraday: rebound towards 0.8637(12.11.2019)

Our pivot point stands at 0.8552.

Our preference: rebound towards 0.8637.

Alternative scenario: the downside breakout of 0.8552 would call for 0.8519 and 0.8500.

Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 0.8582 and 0.8596).

Supports and resistances:
0.8676 **
0.8656 *
0.8637 **
0.8618
0.8578 last
0.8564
0.8552 **
0.8519 *
0.8500 **

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