EURGBP renews the bullish attempts – Analysis – 7-9-2018

The GBPCHF pair succeeded to surpass the negative pressures, which led to form strong negative rebound in the previous period and testing the main support at 0.8940, the continuation of the price fluctuation within the bullish channel levels make us keep preferring the bullish bias domination, to expect reaching to 0.9030 initially, and surpassing this barrier will extend the trading in the upcoming period to the next positive station at 0.9075.

Stochastic rally above 50 level reinforces our bullish suggestion by providing new positive momentum, to ease the attempt to reach the mentioned targets.

Expected trading range for today is between 0.9880 and 0.9030

Expected trend for today: Bullish