EUR/GBP may fall 23 - 43 pips

Pivot

0.8555

Our preference

Short positions below 0.8555 with targets at 0.8510 & 0.8490 in extension.

Alternative scenario

Above 0.8555 look for further upside with 0.8570 & 0.8590 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

0.8590

0.8570

0.8555

0.8533 Last

0.8510

0.8490

0.8460

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