The EURGBP prepares for new decline – Analysis – 1-2-2022
Economies.com
2022-02-01 05:09AM UTC
The EURGBP pair provided many negative closings recently by fluctuating below 38.2% Fibonacci correction level, forming additional barrier at 0.8425, to increase the chances of resuming the negative trades.
Note that stochastic exit from the oversold areas might force the price to form temporary sideways fluctuation until gathering the required additional negative momentum to record the additional targets at 0.8247 followed by reaching the next support at 0.8130.
The expected trading range for today is between 0.8400 and 0.8280
The expected trend for today: Bearish
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