EUR/GBP Intraday: the upside prevails as long as 0.8540 is support

Apr 12, 2024 19:47
the upside prevails as long as 0.8540 is support.
Our pivot point is at 0.8540.

Our preference: the upside prevails as long as 0.8540 is support.

Alternative scenario: below 0.8540, expect 0.8530 and 0.8524.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.8544 and 0.8542).

Supports and resistances:
0.8578 **
0.8572 *
0.8566 **
0.8548 last
0.8540 **
0.8530 *
0.8524 **

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