The EURGBP keeps the bearish bias – Analysis – 19-4-2022

The EURGBP pair returned to form new negative trades to settle below 38.2% Fibonacci correction level at 0.8420 to reinforce the domination of the previously expected bearish bias.

Also, the major indicators agree to provide the negative momentum, and stochastic approaches 20 level, which will assist to ease the mission of crawling towards the negative stations that might start at 0.8190 and 0.8120 levels.

The expected trading range for today is between 0.8345 and 0.8200

The expected trend for today: Bearish