The EURGBP resumes the decline – Analysis – 5-1-2022
Economies.com
2022-01-05 06:00AM UTC
The EURGBP pair reacted to the frequent negative pressures, to notice crawling below the additional support at 0.8408 and provide negative close to confirm surrendering to the domination of the previously expected bearish bias.
We remind you that the first main target is located at 0.8280, while getting more negative momentum will increase the chances of breaking this obstacle to open the way to reach 50% Fibonacci correction level at 0.8125.
The expected trading range for today is between 0.8400 and 0.8280
The expected trend for today: Bearish
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