The EURGBP keeps the negative stability – Forecast today – 20-3-2024
Economies.com
2024-03-20 05:01AM UTC
Despite the EURGBP pair’s recent new sideways trades and settling near 0.6545, the main consolidation within the bearish channel and the stability of the major resistance at 0.8575 support our main bearish overview.
The stability of the MA55 near the mentioned resistance and stochastic crawl below 50 level will increase the negative pressures on the price, to keep waiting to target the negative stations that might start at 0.8490 followed by reaching the next main target near 0.8448.
The expected trading range for today is between 0.8565 and 0.8490
Trend forecast: Bearish
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