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EUR/GBP intraday: as long as 0.8712 is support look for 0.8750

2023-10-26
829

Our pivot point is at 0.8712.

Our preference: as long as 0.8712 is support look for 0.8750.

Alternative scenario: below 0.8712, expect 0.8698 and 0.8690.

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 (0.8727) but above its 50 period moving average (0.8724).

Supports and resistances:

0.8766 **

0.8758 *

0.8750 **

0.8742

0.8726 last

0.8717

0.8712 **

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.

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