EUR/GBP intraday: rebound

eurgbp.jpg

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).