EUR/GBP intraday: as long as 0.8896 is support look for 0.8961

0.8896 is our pivot point.

Our preference: as long as 0.8896 is support look for 0.8961.

Alternative scenario: the downside breakout of 0.8896 would call for 0.8872 and 0.8858.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.8914 and 0.8892).

Supports and resistances:

0.8989 **

0.8975 *

0.8961 **

0.8947

0.8918 last

0.8905

0.8896 **

0.8872 *

0.8858 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.

Written on 03-08-2023 at 00:08 UTC+1

Price reference: 0.8918 last known on 03-08-2023 at 00:08 UTC+1

Investment horizon: INTRADAY