EUR/GBP intraday: the downside prevails as long as

EUR/GBP intraday: the downside prevails as long as 0.8621 is resistance

EURGBP

Trading Central 2021-02-24 05:00:23

Our pivot point stands at 0.8621.

Our preference: the downside prevails as long as 0.8621 is resistance.

Alternative scenario: above 0.8621, look for 0.8635 and 0.8644.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.8620 and 0.8633).

Supports and resistances:

0.8644 **

0.8635 *

0.8621 **

0.8616

0.8608 last

0.8589

0.8581 **

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