EUR/GBP may fall to 0.8407 - 0.8450

BY Trading Central

|April 16, 2024

ST: the downside prevails as long as 0.8597 is resistance

 ST: the downside prevails as long as 0.8597 is resistance

Our pivot point is at 0.8597.

Our preference

The downside prevails as long as 0.8597 is resistance.

Alternative scenario

Above 0.8597, look for 0.8669 and 0.8711.


The RSI is below 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 0.8560 and 0.8550).

Supports and resistances

0.8711 **

0.8669 *

0.8597 **


0.8538 last


0.8407 **

0.8364 *

0.8322 **

Number of asterisks represents the strength of support and resistance levels.

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