The EURGBP clashes with the resistance – Analysis – 24-4-2019

The EURGBP price formed some of the bullish correctional trading in the last period, surprised by the strength of the resistance at 0.8685, to prevent the attempt of changing the track and moving to the bullish range.

Therefore, the stability of the current resistance makes us expect renewing the negative fluctuation, to reach 0.8575 then 0.8420 in the upcoming period, while the price success to breach the current resistance and providing positive close above it will confirm its move to a new positive track, to increase the chances for recording several positive targets by reaching 0.8755 and 0.8825.

The expected trading range for today is between 0.8685 and 0.8575

The expected trend for today: Bearish.