EUR/GBP intraday: target 0.8845

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EUR/GBP intraday: target 0.8845Our pivot point is at 0.8933.

Our preference: target 0.8845.

Alternative scenario: above 0.8933, look for 0.8967 and 0.8987.

Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 MA (0.8907) but above its 50 MA (0.8906).

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EUR/GBP intraday: the downside prevails as long as 0.8846 is resistance

Our pivot point stands at 0.8846.

Our preference: the downside prevails as long as 0.8846 is resistance.

Alternative scenario: the upside breakout of 0.8846, would call for 0.8879 and 0.8899.

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 0.8822 and 0.8824).

EUR/GBP intraday: below its lower Bollinger band

Our pivot point stands at 0.8834.

Our preference: the downside prevails as long as 0.8834 is resistance.

Alternative scenario: above 0.8834, look for 0.8867 and 0.8887.

Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 0.8827 and 0.8824). Finally, the EUR/GBP has penetrated its lower Bollinger band (0.8809).

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).