EUR/GBP may rise 26 - 36 pips

0.8344 is our pivot point.

Our preference

As long as 0.8344 is support look for 0.8393.

Alternative scenario

Below 0.8344, expect 0.8327 and 0.8317.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is below its 20 period moving average (0.8360) but above its 50 period moving average (0.8343).

Supports and resistances

0.8413 **

0.8403 *

0.8393 **

0.8383

0.8357 last

0.8350

0.8344 **

0.8327 *

0.8317 **

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