EUR/GBP may rise 14 - 19 pips

Our pivot point stands at 0.8452.

Our preference

Rebound towards 0.8478.

Alternative scenario

The downside breakout of 0.8452 would call for 0.8444 and 0.8439.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.8461 and 0.8481).

Supports and resistances

0.8488 **

0.8483 *

0.8478 **

0.8473

0.8459 last

0.8456

0.8452 **

0.8444 *

0.8439 **

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