EURGBP exits the negative track – Analysis – 20-7-2018

The EURGBP price get advantage from the positive pressures, to rally above the bearish channel resistance at 0.8900, achieving its first positive targets by reaching 0.8957, we will depend currently on forming a critical support at 0.8900 level, to keep preferring the bullish attempts, to expect targeting 0.8985 level, and the continuation of the positive pressures might extend the trading to .9030.

Stochastic reach to the overbought level supports the continuation of the positivity by providing a strong positive momentum, to increase the chances for recording the suggested targets.

Expected trading range for today is between 0.8930 and 0.8985

Expected trend for today: Bullish