EURGBP holds above the support – Analysis – 1-2-2019

Economies.com
2019-02-01 09:33AM UTC

The EURGBP price ended its negative rebound by facing a strong support at 0.8615, to form an obstacle against any attempt to build a main bearish bias, noticing that it begins to bound to the upside and its stability at 0.8750, which confirms its readiness to form a strong positive trading, to expect target 0.882 level initially, to attempt to press on the barrier at 0.8890.

 

Expected trading range for today is between 0.8710 and 0.8825

 

Expected trend for today: Bullish

 

Forex and Currency News

Forex News

Forex

The Australian dollar shines and the Japanese yen collapses!
2024-04-28 18:43PM UTC
Market Updates on Foreign Currencies The Australian currency tops the list of winning ...
USD/JPY news

Forex

Yen swoons by over 1% after BOJ decision
2024-04-26 18:30PM UTC
Yen tumbled against most major rivals on Friday following the Bank of Japan’s policy ...
GBP/JPY news

Forex

Sterling surges to 16-year peak against yen
2024-04-26 08:11AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...

Forex Technical Analysis

USD CHF Analysis

Forex

The USDCHF price awaits the breach – Forecast today - 29-04-2024
2024-04-29 03:32AM UTC
USDCHF Price Analysis The USDCHF price continues to fluctuate around 0.9150 level and finds ...
NZD USD Analysis

Forex

The NZDUSD price begins with new positivity – Forecast today - 29-04-2024
2024-04-29 03:32AM UTC
NZDUSD Price Analysis The NZDUSD price shows new positive trades by today’s open, to ...
AUD USD Analysis

Forex

The AUDUSD price hits the target – Forecast today - 29-04-2024
2024-04-29 03:32AM UTC
AUDUSD Price Analysis The AUDUSD price succeeded to achieve our waited target at 0.6570$ by ...