EUR/GBP intraday BUY
Our pivot point is at 0.8287.
Our preference:
rebound towards 0.8350.
Alternative scenario:
the downside breakout of 0.8287 would call for 0.8263 and 0.8249.
Comment:
the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair stands above its 20 MA (0.8305) but below its 50 MA (0.8312).
Our preference:
rebound towards 0.8350.
Alternative scenario:
the downside breakout of 0.8287 would call for 0.8263 and 0.8249.
Comment:
the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair stands above its 20 MA (0.8305) but below its 50 MA (0.8312).
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