EUR/GBP may rise 14 - 21 pips
Our pivot point is at 0.8568.
Our preference
Our next up target stands at 0.8600.
Alternative scenario
Below 0.8568, expect 0.8556 and 0.8549.
Comment
The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.8577 and 0.8578).
Supports and resistances
0.8614 **
0.8607 *
0.8600 **
0.8593
0.8579 last
0.8573
0.8568 **
0.8556 *
0.8549 **
Number of asterisks represents the strength of support and resistance levels.
Our preference
Our next up target stands at 0.8600.
Alternative scenario
Below 0.8568, expect 0.8556 and 0.8549.
Comment
The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.8577 and 0.8578).
Supports and resistances
0.8614 **
0.8607 *
0.8600 **
0.8593
0.8579 last
0.8573
0.8568 **
0.8556 *
0.8549 **
Number of asterisks represents the strength of support and resistance levels.
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