EUR/GBP intraday: target 0.8749


EUR/GBP intraday: target 0.8749Our pivot point is at 0.8819.

Our preference: target 0.8749.

Alternative scenario: above 0.8819, look for 0.8846 and 0.8862.

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 is trading under its 20 MA (0.8803) but above its 50 MA (0.8794).