0.8849 is our pivot point.
Our preference: the downside prevails as long as 0.8849 is resistance.
Alternative scenario: the upside breakout of 0.8849, would call for 0.8871 and 0.8884.
Comment: the RSI is below 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 0.8844 and 0.8856). Finally, the EUR/GBP is trading below its lower Bollinger band (standing at 0.8829).
Supports and resistances:
0.8884 **
0.8871 *
0.8849 **
0.8841
0.8828 last
0.8800
0.8787 **
0.8775 *
0.8762 **
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 03-03-2023 at 21:59 UTC+1
Price reference: 0.8828 last known on 03-03-2023 at 21:59 UTC+1
Investment horizon: INTRADAY