EUR/GBP intraday: below its lower Bollinger band
Our pivot point stands at 0.8685.
Our preference: under pressure below 0.8685.
Alternative scenario: above 0.8685, look for 0.8699 and 0.8707.
Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.8670 and 0.8670). Finally, the EUR/GBP is trading below its lower Bollinger band (standing at 0.8663).
Supports and resistances:
0.8707 **
0.8699 *
0.8685 **
0.8679
0.8662 last
0.8644
0.8636 **
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