EURGBP fluctuates within the bullish range – Analysis – 6-8-2018

Despite the EURGBP pair forming mixed trades recently, its stability within the bullish channel supports the continuation of the positivity for the upcoming period, also, the consolidation of the moving average 55 near the bullish channel’s support at 0.8820 confirms the preparation to resume the bullish attack, waiting to reach 0.8920 first, followed by surpassing 0.8965 barrier.

We notice stochastic rally above 50 level to allow the price to gather additional momentum and increases the chances of achieving the suggested positive targets.

Expected trading range for today is between 0.8865 and 0.8920

Expected trend for today: Bullish