EUR/GBP intraday: the downside prevails as long as

EUR/GBP intraday: the downside prevails as long as 0.8665 is resistance

EURGBP

Trading Central 2021-02-20 04:52:13

Our pivot point stands at 0.8665.

Our preference: the downside prevails as long as 0.8665 is resistance.

Alternative scenario: the upside breakout of 0.8665, would call for 0.8681 and 0.8691.

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 stands below its 20 and 50 period moving average (respectively at 0.8653 and 0.8656).

Supports and resistances:

0.8691 **

0.8681 *

0.8665 **

0.8658

0.8652 last

0.8626

0.8617 **

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