EURGBP settles within intraday sideways range – Analysis – 11-7-2018
Economies.com
2018-07-11 07:13AM UTC
The EURGBP pair showed new negative close below 0.8900 resistance, to block the main bullish rally and form intraday negative rebound towards 0.8844, while the moving average 55 continuous support at 0.8790 reinforces the continuation of the positivity to increase the chances of breaching the mentioned resistance to open the way to record new positive targets in the upcoming period, starting at 0.8960.
Stochastic fluctuation above 50 level assists to provide new positive momentum to confirm keeping the bullish attempts and increases the chances of renewing the pressure on the current resistance.
Expected trading range for today is between 0.8800 and 0.8900
Expected trend for today: Bullish
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