EUR/GBP may fall 21 - 31 pips

0.8319 is our pivot point.

Our preference

The downside prevails as long as 0.8319 is resistance.

Alternative scenario

Above 0.8319, look for 0.8336 and 0.8346.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.8315 and 0.8323). Finally, the EUR/GBP is trading below its lower Bollinger band (standing at 0.8306).

Supports and resistances

0.8346 **

0.8336 *

0.8319 **

0.8312

0.8305 last

0.8284

0.8274 **

0.8264 *

0.8253 **

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