The EURGBP ends the correctional bullish rebound – Analysis – 20-4-2021
Economies.com
2021-04-20 05:58AM UTC
The EURGBP pair ended its correctional bullish rebound by providing new negative close below the main resistance at 0.8758, to support the domination of the previously expected bearish bias.
We notice the consolidation of the moving average 55 near the main resistance, to confirm blocking trades within the bearish track, also, stochastic provides the negative momentum by reaching 20 level, to increase the chances of recording new negative targets by moving towards 0.8500 followed by reaching 0.8410 support line.
The expected trading range for today is between 0.8650 and 0.8500
The expected trend for today: Bearish
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