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

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