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).

EUR/GBP intraday: technical rebound towards 0.8774 before a new drop

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EUR/GBP intraday: technical rebound towards 0.8774 before a new dropOur pivot point is at 0.8774.

Our preference: technical rebound towards 0.8774 before a new drop.

Alternative scenario: above 0.8774, look for 0.8797 and 0.8811.

Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair stands above its 20 MA (0.8754) but below its 50 MA (0.8757).

EUR/GBP intraday: rebound

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EUR/GBP intraday: reboundOur pivot point is at 0.8742.

Our preference: rebound.

Alternative scenario: below 0.8742, expect 0.8719 and 0.8705.

Comment: the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the pair stands above its 20 MA (0.8753) but below its 50 MA (0.8768).



EUR/GBP intraday: as long as 0.8802 is support look for 0.8857

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EUR/GBP intraday: as long as 0.8802 is support look for 0.8857Our pivot point stands at 0.8802.

Our preference: as long as 0.8802 is support look for 0.8857.

Alternative scenario: below 0.8802, expect 0.8782 and 0.8770.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is below its 20 MA (0.8825) but above its 50 MA (0.8806).