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EUR/GBP intraday: as long as 0.8658 is support look for 0.8697
2024-01-03
157
Our pivot point stands at 0.8658.
Our preference: as long as 0.8658 is support look for 0.8697.
Alternative scenario: the downside breakout of 0.8658 would call for 0.8644 and 0.8636.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (0.8672) but above its 50 period moving average (0.8668).
Supports and resistances:
0.8713 **
0.8705 *
0.8697 **
0.8688
0.8671 last
0.8664
0.8658 **
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