EUR/GBP may rise 15 - 22 pips

Our pivot point stands at 0.8450.

Our preference

Rebound towards 0.8482.

Alternative scenario

The downside breakout of 0.8450 would call for 0.8437 and 0.8430.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (0.8458) but below its 50 period moving average (0.8467).

Supports and resistances

0.8497 **

0.8490 *

0.8482 **

0.8475

0.8460 last

0.8455

0.8450 **

0.8437 *

0.8430 **

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