Source: PaxForex Premium Analytics Portal, Technical Insight
The ECB's July monetary policy report highlighted the need for an interest rate policy review.
EUR/GBP,D1
Pivot: 0.8585
Analysis:
While the price is above 0.8453, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.8585
- Take Profit 1: 0.8630
- Take Profit 2: 0.8703
Alternative scenario:
If the level 0.8453 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.8453
- Take Profit 1: 0.8342
- Take Profit 2: 0.8275
Comment:
RSI shows the possibility of an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 0.8836 | 0.8453 |
| 0.8703 | 0.8342 |
| 0.8630 | 0.8275 |
