EURGBP Intraday analysis on dated 10-7-2019

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The RSI is above 70. It could mean either that the pair is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is above its 20 and 50 day moving average’s [Respectively at 0.89690 and 0.89640]

Recommendation: Buy/Buy limit @ 0.89750  Target: 60 pips

Valid for next 12 hours

Make the trade
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