EURGBP resumes the positivity – Analysis – 8-8-2018
Economies.com
2018-08-08 08:24AM UTC
The EURGBP pair formed strong bullish wave recently to succeed surpassing the initial barrier at 0.8965, reinforcing the affection by the bullish bias domination, expecting to renew the bullish attack to target the main bullish channel’s resistance at 0.9025 mainly, followed by monitoring the price behavior due to the importance of this level to determine the next main trend.
Stochastic reach to the overbought areas agrees the bullish overview by providing new positive momentum and increases the chances of reaching the mentioned target.
Expected trading range for today is between 0.8965 and 0.9025
Expected trend for today: Bullish
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