The EURGBP still bullish – Analysis – 28-3-2023
Economies.com
2023-03-28 05:53AM UTC
The EURGBP pair formed mixed trades recently to move towards the MA55 at 0.8775, while the temporary negativity is caused by the continuous contradiction between stochastic negativity against the stability of the MA55 above the bullish channel’s support line at 0.8745.
These factors in addition to the stability of the major support allow us to keep waiting to gather the positive momentum to manage to activate the bullish trades, to expect rallying towards 0.8840 first, followed by attempting to achieve more gains by reaching 0.8880 and 0.8920 levels.
The expected trading range for today is between 0.8755 and 0.8840
The expected trend for today: Bullish
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