EURGBP Levels: Caution
|EUR/GBP
Caution.
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Pivot (invalidation): 0.8750
Our preference
Long positions above 0.8750 with targets at 0.8770 & 0.8780 in extension.
Alternative scenario
Below 0.8750 look for further downside with 0.8730 & 0.8715 as targets.
Comment
Intraday technical indicators are mixed and call for caution.
EUR/CHF
Our pivot (invalidation) point stands at 1.1528.
Our preference
The downside prevails as Long as 1.1528 is resistance.
Alternative scenario
The upside breakout of 1.1528, would call for 1.1552 and 1.1567.
Comment
The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 1.1509 and 1.1510).
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