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analysing EUR/GBP for Thursdayto Nov. 21, 2019



EUR/GBP intraday: the downside prevails as long as 0.8590 is resistance
Our pivot point stands at 0.8590.

Our preference: the downside prevails as long as 0.8590 is resistance.

Alternative scenario: above 0.8590, look for 0.8623 and 0.8642.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 0.8566 and 0.8568).


Supports and resistances:

0.8642 **
0.8623 *
0.8590 **
0.8578
0.8563 last
0.8522
0.8503 **
0.8484 *
0.8465 **
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