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EUR/GBP intraday: as long as 0.8587 is resistance look for 0.8556
2024-04-26
312
Our pivot point is at 0.8587.
Our preference: as long as 0.8587 is resistance look for 0.8556.
Alternative scenario: the upside breakout of 0.8587, would call for 0.8598 and 0.8604.
Comment: the RSI is below 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI would call for further upside. Moreover, the price is trading above its 20 period moving average (0.8575) but under its 50 period moving average (0.8577).
Supports and resistances:
0.8604 **
0.8598 *
0.8587 **
0.8582
0.8576 last
0.8562
0.8556 **
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