EUR/GBP intraday: the downside prevails as long as

EUR/GBP intraday: the downside prevails as long as 0.8939 is resistance

EURGBP

Trading Central 2021-01-14 08:02:05

Our pivot point stands at 0.8939.

Our preference: the downside prevails as long as 0.8939 is resistance.

Alternative scenario: the upside breakout of 0.8939, would call for 0.8971 and 0.8990.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.8915 and 0.8916).

Supports and resistances:

0.8990 **

0.8971 *

0.8939 **

0.8927

0.8911 last

0.8871

0.8852 **

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