EUR/GBP may rise 22 - 33 pips

Our pivot point stands at 0.8502.

Our preference

Rebound towards 0.8549.

Alternative scenario

Below 0.8502, expect 0.8483 and 0.8472.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.8518 and 0.8526).

Supports and resistances

0.8572 **

0.8561 *

0.8549 **

0.8538

0.8516 last

0.8509

0.8502 **

0.8483 *

0.8472 **

Number of asterisks represents the strength of support and resistance levels.