CM Trade

Download APP to receive bonus

GET

EUR/GBP intraday: the upside prevails as long as 0.8695 is support

2023-10-24
145

Our pivot point stands at 0.8695.

Our preference: the upside prevails as long as 0.8695 is support.

Alternative scenario: the downside breakout of 0.8695 would call for 0.8682 and 0.8674.

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 above its 20 and 50 period moving average (respectively at 0.8703 and 0.8705).

Supports and resistances:

0.8748 **

0.8740 *

0.8732 **

0.8724

0.8707 last

0.8700

0.8695 **

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.

Free Access
Daily Trading Strategy
Download Now

CM Trade Mobile Application

Economics Calendar

More