EUR/GBP intraday: as long as 0.8566 is support look for 0.8594
Our pivot point stands at 0.8566.
Our preference: as long as 0.8566 is support look for 0.8594.
Alternative scenario: the downside breakout of 0.8566 would call for 0.8555 and 0.8549.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.8575 and 0.8575).
Supports and resistances:
0.8607 **
0.8600 *
0.8594 **
0.8588
0.8575 last
0.8570
0.8566 **
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