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EUR/GBP intraday: above its upper Bollinger band
2024-01-12
628
Our pivot point is at 0.8581.
Our preference: rebound.
Alternative scenario: below 0.8581, expect 0.8567 and 0.8558.
Comment: the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (0.8593) but below its 50 period moving average (0.8599). Finally, the EUR/GBP is trading above its upper Bollinger band (standing at 0.8597).
Supports and resistances:
0.8642 **
0.8633 *
0.8624 **
0.8616
0.8597 last
0.8587
0.8581 **
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