EUR/GBP may fall 15 - 23 pips

Our pivot point stands at 0.8413.

Our preference

As long as 0.8413 is resistance expect 0.8379.

Alternative scenario

Above 0.8413, look for 0.8426 and 0.8433.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.8402 and 0.8402).

Supports and resistances

0.8433 **

0.8426 *

0.8413 **

0.8408

0.8402 last

0.8387

0.8379 **

0.8372 *

0.8364 **

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