EUR/GBP intraday: technical rebound towards 0.8944

EUR/GBP intraday: technical rebound towards 0.8944 before a new drop

EURGBP

Trading Central 2021-01-14 04:48:07

Our pivot point is at 0.8944.

Our preference: technical rebound towards 0.8944 before a new drop.

Alternative scenario: the upside breakout of 0.8944, would call for 0.8976 and 0.8995.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price stands above its 20 period moving average (0.8911) but below its 50 period moving average (0.8919).

Supports and resistances:

0.8995 **

0.8976 *

0.8944 **

0.8932

0.8916 last

0.8876

0.8857 **

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