EUR/GBP may rise 24 - 36 pips

0.8425 is our pivot point.

Our preference

The upside prevails as long as 0.8425 is support.

Alternative scenario

Below 0.8425, expect 0.8405 and 0.8393.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is below its 20 period moving average (0.8441) but above its 50 period moving average (0.8438).

Supports and resistances

0.8501 **

0.8489 *

0.8477 **

0.8465

0.8441 last

0.8433

0.8425 **

0.8405 *

0.8393 **

Number of asterisks represents the strength of support and resistance levels.