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The EURGBP fluctuates below the barrier– Forecast today – 17-2-2026
The EURGBP attempted to reduce the previously achieved losses by forming bullish corrective waves, to settle near 0.8700, maneuvering EMA50 as appears in the above image.
Note that the negative stability below 0.8740 barrier forms a main factor to confirm the continuation of the negativity in the upcoming trading, besides stochastic decline below 50 level will provide negative momentum, to keep our bearish expectations which might target 0.8670 and 0.8655 level.
The expected trading range for today is between 0.8670 and 0.8715
Trend forecast: Bearish
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