EUR/GBP may rise 21 - 31 pips

0.8325 is our pivot point.

Our preference

The upside prevails as long as 0.8325 is support.

Alternative scenario

Below 0.8325, expect 0.8308 and 0.8298.

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 above its 20 and 50 period moving average (respectively at 0.8325 and 0.8319).

Supports and resistances

0.8393 **

0.8382 *

0.8372 **

0.8362

0.8341 last

0.8332

0.8325 **

0.8308 *

0.8298 **

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