The EURGBP settles below the resistance – Forecast today – 28-3-2024
Economies.com
2024-03-28 05:37AM UTC
EURGBP Pair Analysis and Forecast
Expected Scenarios
- New negative close below the bearish channel’s resistance at 0.8585.
- MA55 consolidates near this resistance, motivating negative trades.
- Stochastic decline towards 50 level and providing negative momentum.
These factors suggest a negative overview, expecting losses soon by moving towards 0.8535 to press on the additional support that appears on the chart.
Trading Range Forecast
The expected trading range for today is between 0.8575 and 0.8535.
Trend Forecast
Bearish
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