EUR/GBP Intraday: the downside prevails as long as 0.8610 is resistance
May 8, 2024 22:05
EUR/GBP (EUR/GBP)
0.00023+0.03%
the downside prevails as long as 0.8610 is resistance.
0.8610 is our pivot point.
Our preference: the downside prevails as long as 0.8610 is resistance.
Alternative scenario: above 0.8610, look for 0.8622 and 0.8629.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.8602 and 0.8603).
Supports and resistances:
0.8629 **
0.8622 *
0.8610 **
0.8606
0.8600 last
0.8584
0.8577 **
0.8570 *
0.8563 **
Our preference: the downside prevails as long as 0.8610 is resistance.
Alternative scenario: above 0.8610, look for 0.8622 and 0.8629.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.8602 and 0.8603).
Supports and resistances:
0.8629 **
0.8622 *
0.8610 **
0.8606
0.8600 last
0.8584
0.8577 **
0.8570 *
0.8563 **
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