The EURGBP tests the resistance – Analysis – 27-6-2022
Economies.com
2022-06-27 05:07AM UTC
The EURGBP pair formed correctional bullish rally to test the major resistance at 0.8720 followed by bouncing negatively towards 0.8580, to confirm keeping the domination of the bearish bias for the upcoming trading.
We notice the price attempt to crawl below the moving average 55, also, stochastic begins to provide the negative momentum to assist to renew the negative attempts, to expect reaching 0.8510 followed by targeting 38.2% Fibonacci correction level near 0.8410.
The expected trading range for today is between 0.8655 and 0.8510
The expected trend for today: Bearish
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