The EURGBP recovers – Analysis – 12-7-2019
Economies.com
2019-12-19 06:51AM UTC
The EURGBP price formed a strong bullish rebound after facing the bearish channel’s support at 0.8275, announcing ending the negative wave, to notice its rally above the moving average 55 at 0.8470.
the repeated stability above the moving average 55 will increase the chances for resuming the positive correction, to expect reaching 0.8560 level, then attempt to press on the main resistance at 0.8651 in order to get an exit to begin forming a main bullish track in the upcoming period trading.
The expected trading range for today is between 0.8470 and 0.8560
The expected trend for today: Bullish.
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