EURGBP confirms the negativity – Analysis – 13-9-2018

Economies.com
2018-09-13 07:44AM UTC

The EURGBP pair exited the bullish track by crawling below the bullish channel at 0.8970, also, the price fluctuation below 38.2% Fibonacci correction confirms forming additional resistance at 0.8930 to allow us to suggest the negative trades to target 0.8870 followed by reaching 0.8810 in the upcoming period. 

 

Expected trading range for today is between 0.8930 and 0.8870

 

Expected trend for today: Bearish

Forex and Currency News

EUR/USD news

Forex

Euro under pressure ahead of European inflation data
2024-04-30 07:41AM UTC
Euro declined in European trade on Tuesday against a basket of major rivals, backing away from ...
Forex News

Forex

Dollar loses ground as markets focus on corporate earnings
2024-04-29 18:46PM UTC
Dollar declined against most major rivals on Monday as markets focus on corporate earnings and the ...
Forex News

Forex

Dollar under pressure from US yields and Japanese authorities
2024-04-29 11:17AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, resuming gains after a ...

Forex Technical Analysis

NZD USD Analysis

Forex

The NZDUSD price forecast update 30-04-2024
2024-04-30 09:24AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price trades with clear negativity to ...
AUD USD Analysis

Forex

The AUDUSD price forecast update 30-04-2024
2024-04-30 09:24AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price is facing additional negative ...
GBP USD Analysis

Forex

The GBPUSD forecast update 30-04-2024
2024-04-30 09:23AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price trades negatively now to confirm ...