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EUR/GBP intraday: our next up target stands at 0.8629

2024-01-16
834

Our pivot point stands at 0.8597.

Our preference: our next up target stands at 0.8629.

Alternative scenario: the downside breakout of 0.8597 would call for 0.8585 and 0.8577.

Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.8604 and 0.8607).

Supports and resistances:

0.8644 **

0.8637 *

0.8629 **

0.8622

0.8607 last

0.8602

0.8597 **

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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