EURGBP Short
Our pivot point stands at 0.8748.
Our preference:
the downside prevails as long as 0.8748 is resistance.
Alternative scenario:
above 0.8748, look for 0.8772 and 0.8786.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.8738 and 0.8734).
Our preference:
the downside prevails as long as 0.8748 is resistance.
Alternative scenario:
above 0.8748, look for 0.8772 and 0.8786.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.8738 and 0.8734).
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