The EURGBP attempts to hold above the support – Analysis – 5-4-2023
Economies.com
2023-04-05 06:11AM UTC
The EURGBP pair faces additional negative pressures to suffer some losses by declining towards 0.8730 followed by bouncing above the bullish channel’s support line at 0.8755 direct, noting that the bullish track will remain valid as 0.8720 level attempts to form solid obstacle against the negative trades, which increases the chances of gathering the positive momentum to succeed renewing the bullish attempts and achieve many gains by rallying towards 0.8815 and 0.8860 levels.
The expected trading range for today is between 0.8750 and 0.8815
The expected trend for today: Bullish
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