EUR/GBP may rise 19 - 27 pips

0.8480 is our pivot point.

Our preference

As long as 0.8480 is support look for 0.8518.

Alternative scenario

Below 0.8480, expect 0.8466 and 0.8458.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.8487 and 0.8468).

Supports and resistances

0.8534 **

0.8526 *

0.8518 **

0.8510

0.8491 last

0.8485

0.8480 **

0.8466 *

0.8458 **

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