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EUR/GBP intraday: rebound towards 0.8681
2023-10-05
788
Our pivot point stands at 0.8642.
Our preference: rebound towards 0.8681.
Alternative scenario: the downside breakout of 0.8642 would call for 0.8628 and 0.8619.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (0.8653) but below its 50 period moving average (0.8661).
Supports and resistances:
0.8698 **
0.8689 *
0.8681 **
0.8673
0.8655 last
0.8647
0.8642 **
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