EURGBP confirms the negativity – Analysis – 26-9-2018

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