EUR/GBP may rise 20 - 30 pips

0.8319 is our pivot point.

Our preference

The upside prevails as long as 0.8319 is support.

Alternative scenario

The downside breakout of 0.8319 would call for 0.8302 and 0.8292.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.8331 and 0.8329).

Supports and resistances

0.8385 **

0.8375 *

0.8365 **

0.8355

0.8335 last

0.8325

0.8319 **

0.8302 *

0.8292 **

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