EUR/GBP intraday: the downside prevails as long as 0.8804 is resistance

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EUR/GBP intraday: the downside prevails as long as 0.8804 is resistance0.8804 is our pivot point.

Our preference: the downside prevails as long as 0.8804 is resistance.

Alternative scenario: the upside breakout of 0.8804, would call for 0.8828 and 0.8842.

Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 0.8787 and 0.8788).