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EUR/GBP intraday: below its lower Bollinger band
2024-03-07
170
Our pivot point is at 0.8552.
Our preference: the downside prevails as long as 0.8552 is resistance.
Alternative scenario: the upside breakout of 0.8552, would call for 0.8562 and 0.8568.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.8556 and 0.8555). Finally, the EUR/GBP is trading below its lower Bollinger band (standing at 0.8545).
Supports and resistances:
0.8568 **
0.8562 *
0.8552 **
0.8548
0.8543 last
0.8531
0.8525 **
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