The EURGBP keeps the positive stability – Analysis – 7-10-2020
Economies.com
2020-10-07 06:47AM UTC
Despite the EURGBP pair’s recent correctional bearish rebound, its stability within the main bullish channel and 0.8933 level continuing to form additional support confirms its preparation to resume the rise in the near term and medium term period.
Stochastic rally above 50 level will increase the chances of gathering the positive momentum to expect forming bullish waves to target 0.9235 level initially, followed by pressing on 0.9340 barrier.
The expected trading range for today is between 0.9030 and 0.9190
The expected trend for today: Bullish
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