EUR/GBP levels: Under pressure

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/GBP

Under pressure.

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Pivot (invalidation): 0.8860

Our preference
Short positions below 0.8860 with targets at 0.8827 & 0.8815 in extension.

Alternative scenario
Above 0.8860 look for further upside with 0.8875 & 0.8885 as targets.

Comment
The RSI is mixed to bearish.

EUR/CHF

Our pivot (invalidation) point is at 1.1655.

Our preference
The downside prevails as Long as 1.1655 is resistance.

Alternative scenario
Above 1.1655, look for 1.1668 and 1.1675.

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 1.1646 and 1.1647).

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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