EUR/GBP intraday: rebound towards 0.8724

eurgbp.jpg

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).