EUR/GBP may rise 25 - 35 pips

0.8313 is our pivot point.

Our preference

Rebound towards 0.8362.

Alternative scenario

The downside breakout of 0.8313 would call for 0.8296 and 0.8286.

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 under both its 20 and 50 period moving average (respectively at 0.8332 and 0.8340).

Supports and resistances

0.8382 **

0.8372 *

0.8362 **

0.8352

0.8327 last

0.8319

0.8313 **

0.8296 *

0.8286 **

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