The EURGBP keeps the bearish track – Analysis – 11-02-2020

In spite of forming several sideways fluctuated moves by the EURGBP pair, but its stability below the resistance at 0.8590 forms a main factor that confirms the bearish bias domination in the near and medium period.

by the above image, we notice the moving average 55 decline to the mentioned resistance, to confirm the trading confinement within the negative range, to expect providing negative pressure on 0.8380 level, and breaking it might extend the trading to 0.8250, to form the initial main target for the bearish track.

The expected trading range for today is between 0.8540 and 0.8380

The expected trend for today: Bearish