EUR/GBP may rise 27 - 41 pips

Pivot

0.8350

Our preference

Long positions above 0.8350 with targets at 0.8405 & 0.8419 in extension.

Alternative scenario

Below 0.8350 look for further downside with 0.8330 & 0.8310 as targets.

Comment

The RSI has just landed on its neutrality area at 50% and is turning up.

Supports and resistances

0.8430

0.8419

0.8405

0.8378 Last

0.8350

0.8330

0.8310

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