The EURGBP renews the positive attempts – Analysis – 8-3-2023

Economies.com
2023-03-08 05:22AM UTC

The EURGBP pair succeeded to renew the positive attempts by rallying above the additional support at 0.8795 recently, achieving big gains by moving towards the additional barrier 0.8925.

 

Now, the continuous positive momentum coming by the major indicators allows us to wait to confirm breaching the current barrier to open the way to target more positive stations, to expect moving towards 0.8955 soon, followed by attempting to touch the next main target at 0.9000.

 

The expected trading range for today is between 0.8880 and 0.8950

 

The expected trend for today: Bullish

Forex and Currency News

Forex News

Forex

US retail sales beat expectations in March
2024-04-15 12:39PM UTC
US retail sales rose 0.7% in March, beating estimates of a 0.4% increase, while down from 0.9% in ...
EUR/USD news

Forex

Euro tries to recoup from five-month trough amid bearish outlook
2024-04-15 08:41AM UTC
Euro rose in European trade on Monday against a basket of major rivals amid attempts to recoup from ...
EUR/USD news

Forex

Euro sharpens decline to five-month lows on concerns about the interest rate gap
2024-04-12 08:04AM UTC
Euro fell in European trade on Friday against a basket of major rivals, sharpening losses for the ...

Forex Technical Analysis

GBP USD Analysis

Forex

The GBPUSD forecast update 16-04-2024
2024-04-16 09:48AM UTC
GBPUSD Price Forecast The GBPUSD price fluctuates positively now to head towards potential test ...
EUR USD Analysis

Forex

The EURUSD price forecast update - 16-04-2024
2024-04-16 09:48AM UTC
EURUSD Price Forecast The EURUSD price finds good support at 1.0600$ barrier, to show some ...
EUR GBP Analysis

Forex

The EURGBP tends to resume the decline – Forecast today – 16-4-2024
2024-04-16 05:51AM UTC
EURGBP Price Analysis Expected Scenario The EURGBP pair confirmed its affection by the ...