The EURGBP continues to postpone the rise – Analysis – 28-2-2023
Economies.com
2023-02-28 08:11AM UTC
The EURGBP pair has no escape from resuming the correctional bearish attack due to the frequent negative consolidation below 0.8875 barrier, in addition to stochastic attempt to provide the additional negative momentum by fluctuating near 20 level as appears on the chart.
These factors allow us to confirm the negative attempts for the near term and medium term period, to expect targeting the moving average 55 at 0.8755 soon, while breaking this obstacle might extend losses towards 0.8720 as a next target for the bearish bias.
The expected trading range for today is between 0.8820 and 0.8755
The expected trend for today: Bearish
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