EUR/GBP Currency exchange rate forecast 19.08.2019: target 0.9075

EUR/GBP Currency exchange rate forecast 19.08.2019: target 0.9075

Our preference: target 0.9075.

0.9170 is our pivot point.

Our preference: target 0.9075.

Alternative scenario: the upside breakout of 0.9170, would call for 0.9205 and 0.9225.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 MA (0.9153) but above its 50 MA (0.9138).

Supports and resistances:

0.9225 **

0.9205 *

0.9170 **

0.9156

0.9139 last

0.9096

0.9075 **

0.9055 *

0.9034 **

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