EUR/GBP may rise 17 - 25 pips

0.8513 is our pivot point.

Our preference

As long as 0.8513 is support look for 0.8551.

Alternative scenario

Below 0.8513, expect 0.8499 and 0.8491.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.8521 and 0.8500).

Supports and resistances

0.8567 **

0.8559 *

0.8551 **

0.8543

0.8526 last

0.8518

0.8513 **

0.8499 *

0.8491 **

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