The EURGBP settles below the moving average – Analysis – 30-4-2021

The EURGBP pair ended its correctional bullish rebound by providing new negative close below the moving average 55, located near 0.8757, to assist to reinforce the stability of the resistance line that appears on the chart.

Also, stochastic exit from the overbought areas confirms getting rid of the positive pressures, to provide chances of gather the required negative momentum to resume the bearish attack and record the targets at 0.8580 and 0.8400.

The expected trading range for today is between 0.8740 and 0.8600

The expected trend for today: Bearish