EURGBP approaches the support – Analysis – 20-2-2019

The EURGBP pair failed to resume the bullish attack recently, affected by the moving average 55 that formed new resistance by settling at 0.8850, to notice the beginning of forming negative trades and approaching the key support 0.8640.

The positive scenario depends on the strength of the key support, to expect renewing the attempts to gather the positive momentum and form new bullish waves in order to reach 0.8755 followed by pressing on the moving average 55 again.

The expected trading range for today is between 0.8640 and 0.8755

The expected trend for today: Bullish