EUR/GBP intraday: above its upper Bollinger band
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:
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