The EURGBP repeats the negative closings – Analysis – 15-3-2019
Economies.com
2019-03-15 07:38AM UTC
The EURGBP pair ended its recent trades by providing negative closings below 0.8645 resistance, confirming the surrender to the domination of the bearish bias domination, thus, we will keep our negative overview that targets 0.8420 initially, while breaking it will extend losses towards 0.8315 followed by 0.8145 levels.
The stability of the moving average 55 above the main resistance besides stochastic approach to the oversold areas agree the bearish overview, to increase the negative pressures on the price until achieving the main targets.
The expected trading range for today is between 0.8585 and 0.8420
The expected trend for today: Bearish
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