EUR/GBP may rise 16 - 23 pips

0.8452 is our pivot point.

Our preference

Rebound towards 0.8486.

Alternative scenario

The downside breakout of 0.8452 would call for 0.8440 and 0.8432.

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 is trading under both its 20 and 50 period moving average (respectively at 0.8464 and 0.8467).

Supports and resistances

0.8501 **

0.8494 *

0.8486 **

0.8479

0.8463 last

0.8457

0.8452 **

0.8440 *

0.8432 **

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