EUR/GBP may fall 22 - 33 pips.

EUR/GBP may fall 22 - 33 pips.

Our pivot point is at 0.8713.

Our preference : The downside prevails as long as 0.8713 is resistance Alternative scenario Above 0.8713, look for 0.8731 and 0.8742.

Comment : The RSI is below its neutrality area at 50.

The MACD is below its signal line and negative.

The configuration is negative.

Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.8697 and 0.8696).

Finally, the EUR/GBP is trading below its lower Bollinger band (standing at 0.8693).