EURGBP tends to the positivity – Analysis – 17-7-2018

Despite the frequent confined move of the EURGBP pair between the sideways range’s lines, represented by the initial support at 0.8775 and 0.8900 resistance, the consolidation of the moving average 55 below the current price increases the chances of renewing the bullish attempts in the near term period.

Also, stochastic begins to form bullish wave to support the bullish overview, expecting to provide new pressures on the mentioned resistance, and surpassing this barrier will confirm the preparation to record new positive levels that might start at 0.8960.

Expected trading range for today is between 0.8800 and 0.8900

Expected trend for today: Bullish