EURGBP Levels: The downside prevails

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/GBP

The downside prevails.

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Pivot (invalidation): 0.8945

Our preference
Short positions below 0.8945 with targets at 0.8900 & 0.8885 in extension.

Alternative scenario
Above 0.8945 look for further upside with 0.8960 & 0.8980 as targets.

Comment
The break below 0.8945 is a negative signal that has opened a path to 0.8900.

EUR/CHF

The downside prevails.

Pivot (invalidation): 1.1355

Our preference
Short positions below 1.1355 with targets at 1.1270 & 1.1235 in extension.

Alternative scenario
Above 1.1355 look for further upside with 1.1380 & 1.1415 as targets.

Comment
The RSI has broken down its 30 level.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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