The EURGBP holds above the support – Analysis – 14-3-2023

The EURGBP pair began to form a positive moves attempting to settle above the bullish channel’s support at 0.8775 level, to notice recording some of the gains by reaching 0.8840, by the above chart we notice the stability of the moving average 55 near the mentioned main support, confirming the trading confinement within the bullish track.

therefore, we will keep preferring the bullish attempts in the upcoming period, to expect forming a next positive target at 0.8870 level, and surpassing it will extend the trading towards the extra barrier at 0.8935.

The expected trading range for today is between 0.8800 and 0.8870

The expected trend for today: Bullish