EUR/GBP may rise to 0.8489 - 0.8558

Our pivot point is at 0.8244.

Our preference

Rebound towards 0.8558.

Alternative scenario

The downside breakout of 0.8244 would call for 0.8128 and 0.8059.

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 stands below its 20 and 50 period moving average (respectively at 0.8376 and 0.8437).

Supports and resistances

0.8697 **

0.8627 *

0.8558 **

0.8489

0.8342 last

0.8290

0.8244 **

0.8128 *

0.8059 **

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