EUR/GBP may rise 16 - 24 pips

0.8459 is our pivot point.

Our preference

Rebound towards 0.8494.

Alternative scenario

Below 0.8459, expect 0.8447 and 0.8439.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.8472 and 0.8483).

Supports and resistances

0.8509 **

0.8501 *

0.8494 **

0.8486

0.8470 last

0.8464

0.8459 **

0.8447 *

0.8439 **

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