The EURGBP pair ended its correctional bullish rally by facing the key resistance 0.8995 level, to notice renewing the negative attempts and reaching 0.8920 level, which confirms blocking the price within the negative range to keep our negative overview that supports the attempt to reach 0.8880 followed by 0.8800 levels.
We notice stochastic sharp decline and settling within the oversold areas, to provide new negative momentum that reinforces the previously suggested negative attempts.
Expected trading range for today is between 0.8940 and 0.8880
Expected trend for today: Bearish
Litecoin price hovers around the EMA50, moving near the minor bullish channel’s resistance, while stochastic begins to lose the positive momentum on the four hours’ time frame.
Therefore, we will keep our bearish overview for the upcoming period as long as the price is below 63.30, reminding you that our initial targets located at 53.00 and 50.00.
Expected trading range for today is between 50.00 support and 60.00 resistance
Expected trend for today: Bearish
Ripple price provided positive trading yesterday to test 0.52, as it finds difficulty to break 0.42 level, while the overall bearish trend still valid as long as the price is below 0.60, depending on the bullish correction stop in the previous sessions, waiting to break 0.42 level to confirm opening the way to head towards 0.24 that represents our next main target.
Expected trading range for today is between 0.35 support and 0.55 resistance
Expected trend for today: Bearish
Ethereum price tests the main bearish channel’s resistance and keeps its stability below it, as the EMA50 meets this resistance to add more strength to it, which keeps the bearish trend scenario active until now, waiting to target 199.10 followed by 167.32 levels as next main stations.
We should note that breaching 250.55 will stop the expected decline and lead the price to achieve gains that start at 270.20 and extend to 300.00.
Expected trading range for today is between 190.00 support and 230.00 resistance
Expected trend for today: Bearish