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EUR/GBP intraday: as long as 0.8557 is support look for 0.8584
2024-04-03
973
Our pivot point stands at 0.8557.
Our preference: as long as 0.8557 is support look for 0.8584.
Alternative scenario: the downside breakout of 0.8557 would call for 0.8547 and 0.8541.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.8565 and 0.8560).
Supports and resistances:
0.8597 **
0.8591 *
0.8584 **
0.8578
0.8566 last
0.8561
0.8557 **
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