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EUR/GBP intraday: our next up target stands at 0.8696
2023-10-03
491
0.8659 is our pivot point.
Our preference: our next up target stands at 0.8696.
Alternative scenario: below 0.8659, expect 0.8645 and 0.8636.
Comment: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.8670 and 0.8670).
Supports and resistances:
0.8713 **
0.8705 *
0.8696 **
0.8688
0.8671 last
0.8664
0.8659 **
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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