The EURGBP repeats the negative closings – Analysis – 10-5-2021
Economies.com
2021-05-10 06:10AM UTC
The EURGBP pair repeated the negative closings by settling below the key resistance 0.8772, to notice its fluctuation below the moving average 55 and increase the efficiency of the bearish track for the upcoming trades.
We assure the importance of gathering the negative momentum to manage to start forming the negative waves and start targeting the negative levels by moving towards 0.8580 followed by pressing on 0.8470 support line.
The expected trading range for today is between 0.8710 and 0.8580
The expected trend for today: Bearish
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