EUR/GBP intraday: the downside prevails as long as 0.8709 is resistance
Our pivot point stands at 0.8709.
Our preference: the downside prevails as long as 0.8709 is resistance.
Alternative scenario: the upside breakout of 0.8709, would call for 0.8723 and 0.8731.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.8708 and 0.8719).
Supports and resistances:
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