EUR/GBP may fall 17 - 25 pips and below
Our pivot point stands at 0.8563.
Our preference
The downside prevails as long as 0.8563 is resistance.
Alternative scenario
Above 0.8563, look for 0.8576 and 0.8584.
Comment
The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.8553 and 0.8555).
Supports and resistances
0.8584 **
0.8576 *
0.8563 **
0.8558
0.8552 last
0.8535
0.8527 **
0.8519 *
0.8512 **
Number of asterisks represents the strength of support and resistance levels.
Our preference
The downside prevails as long as 0.8563 is resistance.
Alternative scenario
Above 0.8563, look for 0.8576 and 0.8584.
Comment
The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.8553 and 0.8555).
Supports and resistances
0.8584 **
0.8576 *
0.8563 **
0.8558
0.8552 last
0.8535
0.8527 **
0.8519 *
0.8512 **
Number of asterisks represents the strength of support and resistance levels.
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