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EUR/GBP analysis for Thursdayto Nov. 7, 2019




EUR/GBP intraday: as long as 0.8585 is support look for 0.8670
Our pivot point stands at 0.8585.

Our preference: as long as 0.8585 is support look for 0.8670.

Alternative scenario: the downside breakout of 0.8585 would call for 0.8553 and 0.8533.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 0.8611 and 0.8607).

Supports and resistances:

0.8709 **
0.8689 *
0.8670 **
0.8651
0.8612 last
0.8598
0.8585 **
0.8553 *
0.8533 **

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