EUR/GBP intraday: rebound towards 0.8984

Trading Central 2020-11-19 07:20:07

0.8908 is our pivot point.

Our preference: rebound towards 0.8984.

Alternative scenario: the downside breakout of 0.8908 would call for 0.8879 and 0.8862.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair is trading above its 20 MA (0.8930) but under its 50 MA (0.8939).

Supports and resistances:

0.9018 **

0.9001 *

0.8984 **


0.8932 last


0.8908 **

The trading strategy containing reference trading prices and analysis opinions is provided by the third-party provider Trading Central.And the trading strategy is only the personal research and judgment by analysts,which is not a statement of facts.No representation or warranty is given as to the accuracy or completeness of this strategy. Consequently any person acting on it does so entirely at their own risk. TOP1 accepts no responsibility for any use that may be made of these comments and for any consequences that result.

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