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EUR/GBP intraday: rebound towards 0.8618
2024-04-24
771
Our pivot point stands at 0.8588.
Our preference: rebound towards 0.8618.
Alternative scenario: below 0.8588, expect 0.8577 and 0.8570.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (0.8596) but under its 50 period moving average (0.8600).
Supports and resistances:
0.8631 **
0.8625 *
0.8618 **
0.8611
0.8597 last
0.8592
0.8588 **
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