UncategorizedWeekly Analysis

EUR/GBP intraday: as long as 0.8507 is support look for 0.8592(2.12.2019)

Our pivot point stands at 0.8507.

Our preference: as long as 0.8507 is support look for 0.8592.

Alternative scenario: below 0.8507, expect 0.8474 and 0.8455.

Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 0.8532 and 0.8528).

Supports and resistances:
0.8630 **
0.8611 *
0.8592 **
0.8573
0.8533 last
0.8519
0.8507 **
0.8474 *
0.8455 **

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