EUR/GBP intraday: rise to 0.8922

Trading Central 2020-11-20 04:50:07

Our pivot point stands at 0.8922.

Our preference: rise to 0.8922.

Alternative scenario: below 0.8922, expect 0.8894 and 0.8877.

Comment: the RSI is below 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI would call for further upside. Moreover, the pair is trading under its 20 MA (0.8948) but above its 50 MA (0.8946).

Supports and resistances:

0.9045 **

0.9028 *

0.9011 **

0.8994

0.8946 last

0.8934

0.8922 **

Disclaimer
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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