The EURGBP fluctuates within the bearish range – Analysis – 13-9-2019

Economies.com
2019-09-13 07:19AM UTC

In spite of forming positive rebounds by the EURGBP price in the last period, but that will not affect the main negative track, due to its stability within the bearish channel levels that appears in the above image.

 

The stability of the main resistance at 0.9050 and forming an extra barrier by the moving average 55 at 0.9020 makes us prefer the negative attempts, to allow the price to reach the negative targets that are located at 0.8900 and 0.8855.

 

The expected trading range for today is between 0.8980 and 0.8900

 

The expected trend for today: Bearish

Forex and Currency News

Forex News

Forex

Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
USD/CHF news

Forex

Franc is best performing major currency after Swiss data
2024-05-02 07:52AM UTC
Swiss Franc rallied in European trade on Thursday, extending gains for the second straight day ...
Forex News

Forex

Dollar parks at two-week highs ahead of Fed decisions
2024-05-01 11:37AM UTC
The dollar rose in European trade on Wednesday against a basket of major rivals, extending gains ...

Forex Technical Analysis

GBP USD Analysis

Forex

The GBPUSD forecast update 02-05-2024
2024-05-02 09:06AM UTC
GBPUSD Trading Report The GBPUSD price shows weak trades since morning, settling above 1.2500$ ...
EUR USD Analysis

Forex

The EURUSD price forecast update - 02-05-2024
2024-05-02 09:05AM UTC
EURUSD Trading Report The EURUSD price continues to fluctuate around 1.0715$ level, and we still ...
EUR GBP Analysis

Forex

The EURGBP tests key support – Forecast today – 2-5-2024
2024-05-02 08:15AM UTC
Expected Scenarios The EURGBP price formed many bearish trades recently, to test 38.2% ...