EUR/GBP intraday: above its upper Bollinger band
Our pivot point is at 0.8707.
Our preference: the upside prevails as long as 0.8707 is support.
Alternative scenario: the downside breakout of 0.8707 would call for 0.8695 and 0.8687.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.8708 and 0.8712). Finally, the EUR/GBP has crossed above its upper Bollinger band (0.8721).
Supports and resistances:
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