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EUR/GBP intraday: rebound towards 0.8528

2024-02-13
1028

Our pivot point is at 0.8494.

Our preference: rebound towards 0.8528.

Alternative scenario: the downside breakout of 0.8494 would call for 0.8483 and 0.8476.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.8507 and 0.8518).

Supports and resistances:

0.8541 **

0.8534 *

0.8528 **

0.8521

0.8504 last

0.8499

0.8494 **

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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