EUR/GBP may fall 25 - 37 pips

0.8453 is our pivot point.

Our preference

The downside prevails as long as 0.8453 is resistance.

Alternative scenario

Above 0.8453, look for 0.8473 and 0.8485.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.8439 and 0.8442).

Supports and resistances

0.8485 **

0.8473 *

0.8453 **

0.8445

0.8436 last

0.8411

0.8399 **

0.8387 *

0.8375 **

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