The EURGBP fluctuates within the bullish channel – Analysis – 28-10-2020
Economies.com
2020-10-28 06:39AM UTC
The EURGBP pair lost its positive momentum due to stochastic decline below 50 level, to postpone the bullish attack and start forming temporary negative fluctuation and notice reaching the moving average 55 at 0.9013.
Note that the price stability within the bullish channel that depends on the stability of 0.8960 support line allows us to wait to gather the positive momentum and manage to renew the bullish attempts to record many targets by moving towards 0.9110 and 0.9185 levels.
The expected trading range for today is between 0.9000 and 0.9110
The expected trend for today: Bullish
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