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EUR/GBP intraday: above its upper Bollinger band

2023-09-14
541

Our pivot point is at 0.8587.

Our preference: rebound.

Alternative scenario: the downside breakout of 0.8587 would call for 0.8572 and 0.8563.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (0.8593) but under its 50 period moving average (0.8600). Finally, the EUR/GBP has crossed above its upper Bollinger band (0.8599).

Supports and resistances:

0.8645 **

0.8636 *

0.8627 **

0.8618

0.8599 last

0.8593

0.8587 **

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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