Despite EURGBP’s affection by some positive pressures, its stability below the resistance of the minor bearish channel at 0.8660 supports the chances of renewing the bearish trend in the near and medium period, gaining negative momentum will ease the mission of reaching 0.8610 initially, and surpassing this barrier will extend the trading towards 0.8580 and 0.8565 directly.
While the risk of changing the trend and beginning bullish trend requires forming string bullish waves, to settle above 0.8685 level.
The expected trading range for today is between 0.8610 and 0.8660
Trend forecast: Bearish
Natural gas price loses its bullish momentum by stochastic exit from the overbought level, which forces it to settle again below the moving average 55, which forced it to form strong obstacle near $3.350, forcing it to delay the bullish trend and holding again near the initial support at $3.150 level.
MoreThe EURJPY pair didn’t manage to settle at 186.00, forcing it to activate the negative trend again, affected by stochastic reach below 50 level, suffering several losses by reaching 184.38.
MoreThe GBPJPY pair ended the bullish attempts by providing repeated negative closes below 215.50 level, forcing it to activate the bearish corrective track, suffering several losses by reaching 213.40 level.
More