EUR/GBP intraday: under pressure below 0.8772

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EUR/GBP intraday: under pressure below 0.8772Our pivot point stands at 0.8772.

Our preference: under pressure below 0.8772.

Alternative scenario: above 0.8772, look for 0.8793 and 0.8805.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the pair stands below its 20 and 50 MAs (respectively at 0.8754 and 0.8754).