EUR/GBP – Currency exchange rate forecast 23.08.2019: as long as 0.9089 is resistance look for 0.8989

EUR/GBP - Currency exchange rate forecast 23.08.2019: as long as 0.9089 is resistance look for 0.8989

Alternative scenario: the upside breakout of 0.9089 would call for 0.9123 and 0.9144.

Our pivot point is at 0.9089.

Our preference: as long as 0.9089 is resistance look for 0.8989.

Alternative scenario: above 0.9089, look for 0.9123 and 0.9144.

Comment: the RSI is below 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 0.9056 and 0.9060).

Supports and resistances:

0.9144 **

0.9123 *

0.9089 **

0.9076

0.9051 last

0.9009

0.8989 **

0.8969 *

0.8948 **

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