EUR/GBP Intraday: Our Next Target Stands At 0.8766


EUR/GBP intraday: our next up target stands at 0.87660.8691 is our pivot point.

Our preference: our next up target stands at 0.8766.

Alternative scenario: the downside breakout of 0.8691 would call for 0.8664 and 0.8649.

Comment: the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the pair is above its 20 and 50 MAs (respectively at 0.8708 and 0.8710).