EUR/GBP intraday: the downside prevails as long as 0.8781 is resistance

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EUR/GBP intraday: the downside prevails as long as 0.8781 is resistanceOur pivot point stands at 0.8781.

Our preference: the downside prevails as long as 0.8781 is resistance.

Alternative scenario: the upside breakout of 0.8781, would call for 0.8809 and 0.8826.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 0.8759 and 0.8764).