EUR/GBP intraday: above its upper Bollinger band
0.8588 is our pivot point.
Our preference: the upside prevails as long as 0.8588 is support.
Alternative scenario: below 0.8588, expect 0.8573 and 0.8564.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.8597 and 0.8597). Finally, the EUR/GBP has crossed above its upper Bollinger band (0.8604).
Supports and resistances:
CM Trade Mobile Application