The EURGBP repeats the negative closings – Analysis – 01-12-2020
Economies.com
2020-12-01 06:28AM UTC
The EURGBP pair still stable negatively below 0.9010 resistance, to block the attempt to regain the bullish bias and increase the chances of forming correctional bearish trades.
Also, the moving average 55 continues to fluctuate near the current resistance to confirm blocking trades within the bearish range, to expect crawling towards 0.8895 and form the first negative target, while surpassing it might extend trades towards 0.8780 in the upcoming period.
The expected trading range for today is between 0.8975 and 0.8895
The expected trend for today: Bearish
Forex and Currency News
Forex
Dollar plumbs three-week low ahead of US payrolls report
2024-05-03 11:57AM UTC
Dollar fell in European trade on Friday against a basket of major rivals, extending losses for the ...
Forex
Yen hits three-week high as Japanese authorities intervene
2024-05-03 04:57AM UTC
Yen rose in Asian trade on Friday against major rivals, extending gains for the third straight ...
Forex
Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
Forex Technical Analysis
Forex
The AUDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The AUDUSD price traded with strong positivity to succeed achieving our new waited target at ...
Forex
The GBPUSD forecast update 03-05-2024
2024-05-03 13:52PM UTC
The GBPUSD price traded with strong positivity to breach 1.2580$ level strongly but it returns to ...
Forex
The EURUSD price forecast update - 03-05-2024
2024-05-03 13:51PM UTC
The EURUSD price rallied upwards strongly to succeed touching our waited target at 1.0795$, ...