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EUR/GBP intraday: as long as 0.8541 is support look for 0.8574
2024-02-27
977
Our pivot point stands at 0.8541.
Our preference: as long as 0.8541 is support look for 0.8574.
Alternative scenario: below 0.8541, expect 0.8531 and 0.8524.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is below its 20 period moving average (0.8554) but above its 50 period moving average (0.8549).
Supports and resistances:
0.8587 **
0.8580 *
0.8574 **
0.8567
0.8554 last
0.8546
0.8541 **
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