EUR/GBP intraday: below its lower Bollinger band

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EUR/GBP intraday: below its lower Bollinger bandOur pivot point stands at 0.8791.

Our preference: target 0.8717.

Alternative scenario: the upside breakout of 0.8791, would call for 0.8819 and 0.8835.

Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 MA (0.8771) but above its 50 MA (0.8764). Finally, the EUR/GBP has penetrated its lower Bollinger band (0.8766).

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