EUR/GBP may fall 21 - 28 pips

0.8413 is our pivot point.

Our preference

The downside prevails as long as 0.8413 is resistance.

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 below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.8410 and 0.8409).

Supports and resistances

0.8433 **

0.8426 *

0.8413 **

0.8408

0.8403 last

0.8382

0.8375 **

0.8367 *

0.8360 **

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