EUR/GBP may rise 21 - 32 pips

0.8366 is our pivot point.

Our preference

Rebound towards 0.8412.

Alternative scenario

The downside breakout of 0.8366 would call for 0.8349 and 0.8339.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (0.8379) but under its 50 period moving average (0.8383).

Supports and resistances

0.8432 **

0.8422 *

0.8412 **

0.8401

0.8380 last

0.8373

0.8366 **

0.8349 *

0.8339 **

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