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
Forex and Currency News
Forex
Euro approaches week high amid positive outlook
2024-04-18 08:30AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Dollar gives up five-month high on profit-taking
2024-04-17 10:56AM UTC
The dollar lost ground in European trade on Wednesday against a basket of major rivals away from ...
Forex
Sterling starts recovering after hot UK inflation data
2024-04-17 06:43AM UTC
Sterling rose in European trade on Wednesday for the first time in four days against the dollar, ...
Forex Technical Analysis
Forex
The EURUSD price forecast update - 19-04-2024
2024-04-19 10:43AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price finds solid support at the ...
Forex
The NZDCAD surrenders to the resistance line stability – Forecast today – 19-4-2024
2024-04-19 08:21AM UTC
NZDCAD Pair Analysis Expected Scenario The NZDCAD pair has confirmed its submission to ...
Forex
The EURJPY faces the negative pressures – Forecast today – 19-4-2024
2024-04-19 08:16AM UTC
EURJPY Pair Analysis Expected Scenario Despite strong negative pressures this morning due ...