EUR/GBP intraday buy
Our pivot point is at 0.8511.
Our preference:
as long as 0.8511 is support look for 0.8579.
Alternative scenario:
below 0.8511, expect 0.8487 and 0.8472.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 0.8529 and 0.8504).
Our preference:
as long as 0.8511 is support look for 0.8579.
Alternative scenario:
below 0.8511, expect 0.8487 and 0.8472.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 0.8529 and 0.8504).
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