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EUR/GBP intraday: the upside prevails as long as 0.8706 is support
2023-10-23
727
Our pivot point stands at 0.8706.
Our preference: the upside prevails as long as 0.8706 is support.
Alternative scenario: below 0.8706, expect 0.8693 and 0.8685.
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 0.8714 and 0.8710).
Supports and resistances:
0.8758 **
0.8750 *
0.8743 **
0.8735
0.8718 last
0.8711
0.8706 **
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