Our pivot point is at 0.8605.

Our preference: target 0.8517.

Alternative scenario: above 0.8605, look for 0.8637 and 0.8657.

Comment: the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is below its 20 MA (0.8583) but above its 50 MA (0.8561). Finally, the EUR/GBP has penetrated its lower Bollinger band (0.8576).

Chart Caption
    Green Lines Represent Resistances
    Red Lines Represent Support Levels
    Light Blue is a Pivot Point
    Black represents the price when the report was produced

Kategori: Analisa