The EURGBP keeps the negativity – Analysis – 16-11-2021
Economies.com
2021-11-16 06:18AM UTC
The EURGBP pair formed correctional bullish rally recently, affected by the strength of the additional support at 0.8400, to notice achieving some gains and settling below the main resistance at 0.8625.
We notice renewing the negative attempts now, affected by the moving average 55 negativity that settles above the mentioned resistance, allowing us to keep the main bearish overview that targets 0.8400 followed by reaching 0.8285 in the medium term period.
The expected trading range for today is between 0.8570 and 0.8400
The expected trend for today: Bearish
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