EURGBP prepares for new positivity – Analysis – 6-7-2018

The EURGBP pair continued to fluctuate above the moving average 55 to form additional support at 0.8800 and increase the chances of resuming the bullish attack in the near term period, while stochastic approach to 20 level confirms getting rid of any negative pressures that might block the bullish rally, to expect forming new bullish attack to target 0.8910 level, while surpassing this barrier will confirm the beginning of forming new bullish bias.

Expected trading range for today is between 0.8810 and 0.8910

Expected trend for today: Bullish