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EUR/GBP intraday: as long as 0.8547 is resistance look for 0.8518
2024-04-16
809
0.8547 is our pivot point.
Our preference: as long as 0.8547 is resistance look for 0.8518.
Alternative scenario: above 0.8547, look for 0.8556 and 0.8562.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.8537 and 0.8538).
Supports and resistances:
0.8562 **
0.8556 *
0.8547 **
0.8543
0.8537 last
0.8524
0.8518 **
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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