The EURGBP begins with new negativity – Analysis – 27-2-2019
Economies.com
2019-02-27 07:25AM UTC
The EURGBP pair faced strong negative pressures recently, which led to form negative wave to settle below the key support 0.8641, while the stability of the broken support and forming new resistance allows us to suggest more negative attempts, expecting to move towards 0.8521 followed by reaching 38.2% Fibonacci correction level at 0.8415.
Stochastic sharp decline and settling within the oversold areas reinforces our negative overview by providing new negative momentum and increases the chances of achieving our mentioned targets.
The expected trading range for today is between 0.8620 and 0.8521
The expected trend for today: Bearish
Forex and Currency 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 ...
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
Dollar tumbles to two-week lows ahead of US growth data
2024-04-25 11:18AM UTC
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and ...
Forex Technical Analysis
Forex
End of day EURUSD price forecast update - 26-04-2024
2024-04-26 16:36PM UTC
The EURUSD price is facing strong negative pressure to break 1.0715$ level and attempts to hold ...
Forex
The GBPUSD forecast update 26-04-2024
2024-04-26 10:59AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price shows some slight bearish bias ...
Forex
The EURUSD price forecast update - 26-04-2024
2024-04-26 10:58AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price settles above 1.0715$ level, ...