EUR/GBP intraday: the downside prevails as long as 0.8608 is resistance
0.8608 is our pivot point.
Our preference: the downside prevails as long as 0.8608 is resistance.
Alternative scenario: the upside breakout of 0.8608, would call for 0.8623 and 0.8632.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.8603 and 0.8604).
Supports and resistances:
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