EUR/GBP intraday BUY
Our pivot point is at 0.8374.
Our preference:
as long as 0.8374 is support look for 0.8438.
Alternative scenario:
the downside breakout of 0.8374 would call for 0.8351 and 0.8337.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is below its 20 MA (0.8395) but above its 50 MA (0.8387).
Our preference:
as long as 0.8374 is support look for 0.8438.
Alternative scenario:
the downside breakout of 0.8374 would call for 0.8351 and 0.8337.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is below its 20 MA (0.8395) but above its 50 MA (0.8387).
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