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EUR/GBP intraday: as long as 0.8716 is support look for 0.8754
2023-10-26
450
0.8716 is our pivot point.
Our preference: as long as 0.8716 is support look for 0.8754.
Alternative scenario: the downside breakout of 0.8716 would call for 0.8703 and 0.8695.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.8727 and 0.8720).
Supports and resistances:
0.8770 **
0.8762 *
0.8754 **
0.8746
0.8729 last
0.8721
0.8716 **
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