EUR/GBP – Currency exchange rate forecast 21.08.2019: the upside prevails as long as 0.9113 is support

EUR/GBP - Currency exchange rate forecast 21.08.2019: the upside prevails as long as 0.9113 is support

The configuration is positive.

0.9113 is our pivot point.

Our preference: the upside prevails as long as 0.9113 is support.

Alternative scenario: below 0.9113, expect 0.9078 and 0.9058.

Comment: the RSI is above its neutrality area at 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 0.9141 and 0.9132).

Supports and resistances:

0.9252 **

0.9231 *

0.9211 **

0.9190

0.9143 last

0.9126

0.9113 **

0.9078 *

0.9058 **

Leave a comment

Your email address will not be published. Required fields are marked *