The EURGBP pair prepares to resume the bullish attack – Analysis – 27-7-2020

Economies.com
2020-07-27 05:18AM UTC

The EURGBP pair resisted the recent intraday negative pressures caused by stochastic crawl below 80 level, to notice fluctuating within the bullish channel in addition to the stability above the initial support at 0.8935.

 

These factors allow us to keep the bullish overview, noting that stochastic begins to form bullish waves to increase the chances of gaining the additional positive momentum, expecting to target 0.9220 followed by reaching 0.9335 barrier.

 

The expected trading range for today is between 0.9050 and 0.9220

 

The expected trend for today: Bullish

Forex and Currency News

Forex News

Forex

Dollar under pressure from US yields and Japanese authorities
2024-04-29 11:17AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, resuming gains after a ...
EUR/USD news

Forex

Euro hovers near two-week high despite bearish outlook
2024-04-29 07:40AM UTC
Euro rose in European trade on Monday against a basket of major rivals, resuming gains against the ...
Forex News

Forex

The Australian dollar shines and the Japanese yen collapses!
2024-04-28 18:43PM UTC
Market Updates on Foreign Currencies The Australian currency tops the list of winning ...

Forex Technical Analysis

EUR USD Analysis

Forex

The EURUSD price forecast update - 29-04-2024
2024-04-29 09:53AM UTC
Expected Scenario The EURUSD price surpassed the 1.0715$ level and closed the last four ...
Technical Analysis

Forex

The GBPAUD hits the first target – Forecast today – 29-4-2024
2024-04-29 05:57AM UTC
GBPAUD Price Analysis Expected Scenario The GBPAUD price started to form new negative ...
EUR JPY Analysis

Forex

The EURJPY achieves fake gains – Forecast today – 29-4-2024
2024-04-29 05:51AM UTC
EURJPY Price Analysis Expected Scenario The EURJPY pair started today by forming ...