EUR/GBP intraday: below its lower Bollinger band

EURGBP

Trading Central 2021-02-23 18:50:05

Our pivot point stands at 0.8641.

Our preference: the downside prevails as long as 0.8641 is resistance.

Alternative scenario: the upside breakout of 0.8641, would call for 0.8655 and 0.8664.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.8641 and 0.8643). Finally, the EUR/GBP has penetrated its lower Bollinger band (0.8623).

Supports and resistances:

0.8664 **

0.8655 *

0.8641 **

0.8636

0.8621 last

0.8603

0.8595 **

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