EUR/GBP may fall 25 - 37 pips

0.8482 is our pivot point.

Our preference

Technical rebound towards 0.8482 before a new drop.

Alternative scenario

Above 0.8482, look for 0.8502 and 0.8513.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price stands above its 20 period moving average (0.8464) but below its 50 period moving average (0.8466).

Supports and resistances

0.8513 **

0.8502 *

0.8482 **

0.8474

0.8466 last

0.8441

0.8429 **

0.8417 *

0.8406 **

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