EUR/GBP intraday: rebound

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EUR/GBP intraday: rebound0.8533 is our pivot point.

Our preference: rebound.

Alternative scenario: below 0.8533, expect 0.8506 and 0.8490.

Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the pair is trading above its 20 MA (0.8547) but under its 50 MA (0.8558).

EUR/GBP intraday: rebound towards 0.8636

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EUR/GBP intraday: rebound towards 0.86360.8569 is our pivot point.

Our preference: rebound towards 0.8636.

Alternative scenario: below 0.8569, expect 0.8543 and 0.8527.

Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 0.8592 and 0.8606).

EUR/GBP intraday: the downside prevails as long as 0.8669 is resistance

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EUR/GBP intraday: the downside prevails as long as 0.8669 is resistanceOur pivot point is at 0.8669.

Our preference: the downside prevails as long as 0.8669 is resistance.

Alternative scenario: above 0.8669, look for 0.8694 and 0.8709.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 0.8658 and 0.8673).

EUR/GBP intraday: rebound towards 0.8724

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EUR/GBP intraday: rebound towards 0.8724Our pivot point is at 0.8658.

Our preference: rebound towards 0.8724.

Alternative scenario: the downside breakout of 0.8658 would call for 0.8633 and 0.8618.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 0.8680 and 0.8691).

EUR/GBP intraday: the upside prevails as long as 0.8677 is support

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EUR/GBP intraday: the upside prevails as long as 0.8677 is support0.8677 is our pivot point.

Our preference: the upside prevails as long as 0.8677 is support.

Alternative scenario: the downside breakout of 0.8677 would call for 0.8651 and 0.8636.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 0.8696 and 0.8692).

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EUR/GBP intraday: the upside prevails as long as 0.8677 is support

eurgbp.jpg

EUR/GBP intraday: the upside prevails as long as 0.8677 is supportOur pivot point is at 0.8677.

Our preference: the upside prevails as long as 0.8677 is support.

Alternative scenario: the downside breakout of 0.8677 would call for 0.8650 and 0.8633.

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 pair is above its 20 and 50 MAs (respectively at 0.8695 and 0.8695).