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EUR/GBP intraday: as long as 0.8549 is support look for 0.8578
2024-04-02
488
Our pivot point is at 0.8549.
Our preference: as long as 0.8549 is support look for 0.8578.
Alternative scenario: the downside breakout of 0.8549 would call for 0.8538 and 0.8532.
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 trading above both its 20 and 50 period moving average (respectively at 0.8557 and 0.8549).
Supports and resistances:
0.8591 **
0.8585 *
0.8578 **
0.8572
0.8558 last
0.8553
0.8549 **
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