EUR/GBP levels: Under pressure
|EUR/GBP
Under pressure.
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Pivot (invalidation): 0.8800
Our preference
Short positions below 0.8800 with targets at 0.8770 & 0.8755 in extension.
Alternative scenario
Above 0.8800 look for further upside with 0.8820 & 0.8830 as targets.
Comment
As Long as the resistance at 0.8800 is not surpassed, the risk of the break below 0.8770 remains high.
EUR/CHF
Our pivot (invalidation) point is at 1.1516.
Our preference
The upside prevails as Long as 1.1516 is support.
Alternative scenario
Below 1.1516, expect 1.1490 and 1.1474.
Comment
The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 1.1534 and 1.1532).
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