The EURGBP breaches the resistance – Analysis – 16-5-2019
Economies.com
2019-05-16 07:23AM UTC
The EURGBP pair faced strong positive pressures recently to notice forming bullish wave and surpass 0.8690 resistance, hinting the preparation to form new bullish trades on the near term and medium term basis.
Also, the stability of the moving average 55 near the breached resistance confirms forming additional support to confirm confining the price within the bullish range and expect moving towards 0.8755 followed by attempting to reach 0.8840 in the upcoming period.
The expected trading range for today is between 0.8700 and 0.8755
The expected trend for today: Bullish
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