The EURGBP postpones the rise – Analysis – 22-2-2023
Economies.com
2023-02-22 07:04AM UTC
The EURGBP pair faced strong negative pressures recently due to stochastic crawl below 50 level, to force it to postpone the bullish attack and decline below the additional support at 0.8830, to suffer intraday losses by moving towards 0.8805.
We expect to form additional barrier at 0.8830 and get more negative momentum to form new bearish waves to target the moving average 55 at 0.8750 soon, while breaking it might extend losses towards 0.8720 as a next main target for the bearish bias.
The expected trading range for today is between 0.8825 and 0.8720
The expected trend for today: Bearish
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