EUR/GBP intraday: the upside prevails as long as 0.8584 is support
Our pivot point stands at 0.8584.
Our preference: the upside prevails as long as 0.8584 is support.
Alternative scenario: the downside breakout of 0.8584 would call for 0.8569 and 0.8560.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.8587 and 0.8583).
Supports and resistances:
CM Trade Mobile Application