EURGBP analysis on dated 15-8-2019

403

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the pair stands above its 20 day moving average (0.9240) but below its 50 day moving average (0.92490). Finally, the EUR/GBP has crossed above its upper Bollinger band (0.92450).

Type: Intraday analysis

Recommendation: Buy @ 0.92300 Target: 60 pips