The EURGBP settles within the bearish channel – Analysis – 28-3-2019
Economies.com
2019-03-28 07:57AM UTC
The EURGBP pair formed new bearish channel recently, to confirm the preparation to form additional negative track to target 38.2% Fibonacci correction level at 0.8418, followed by reaching 0.8300 support line.
To confirm that, the price needs to settle below the main resistance at 0.8680, noticing that the moving average 55 forms additional resistance at 0.8585 to increase the chances of resuming the negative attempts in the near term period.
The expected trading range for today is between 0.8585 and 0.8420
The expected trend for today: Bearish
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