EUR/GBP may rise 17 - 25 pips

0.8435 is our pivot point.

Our preference

The upside prevails as long as 0.8435 is support.

Alternative scenario

Below 0.8435, expect 0.8422 and 0.8414.

Comment

The RSI is above 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 0.8445 and 0.8446).

Supports and resistances

0.8489 **

0.8481 *

0.8473 **

0.8465

0.8448 last

0.8441

0.8435 **

0.8422 *

0.8414 **

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