EUR/GBP intraday: technical rebound towards 0.8613 before a new drop
Our pivot point stands at 0.8613.
Our preference: technical rebound towards 0.8613 before a new drop.
Alternative scenario: above 0.8613, look for 0.8628 and 0.8637.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above its 20 period moving average (0.8596) but under its 50 period moving average (0.8597).
Supports and resistances:
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