EUR/GBP may fall to 0.8200 - 0.8470

Pivot

0.8470

Our preference

Long positions above 0.8470 with targets at 0.8770 & 0.8980 in extension.

Alternative scenario

Below 0.8470 look for further downside with 0.8200 & 0.7900 as targets.

Comment

The RSI lacks downward momentum.

Supports and resistances

0.9300

0.8980

0.8770

0.8560 Last

0.8470

0.8200

0.7900

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