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EUR/GBP ST: the upside prevails as long as 0.8511 is support
2024-03-26
888
Our pivot point stands at 0.8511.
Our preference: the upside prevails as long as 0.8511 is support.
Alternative scenario: below 0.8511, expect 0.8438 and 0.8394.
Comment: the RSI is above its neutrality area at 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 0.8550 and 0.8547).
Supports and resistances:
0.8797 **
0.8753 *
0.8710 **
0.8666
0.8575 last
0.8540
0.8511 **
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