The EURGBP begins with clear negativity – Analysis – 28-5-2021
Economies.com
2021-05-28 07:02AM UTC
The EURGBP pair kept its stability within the bearish track by providing new negative close below the moving average 55 that forms additional resistance at 0.8715, noticing the beginning of forming bearish trades and record the first target at 0.8580.
Note that stochastic decline towards 20 level will increase the chances of gathering the additional negative momentum, to ease the mission of recording more negative targets, located around 0.8510 and 0.8425 levels.
The expected trading range for today is between 0.8640 and 0.8510
The expected trend for today: Bearish
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