The EURGBP crawls negatively – Analysis – 23-1-2024
Economies.com
2024-01-23 05:53AM UTC
The EURGBP pair surrendered to the negative pressures represented by 0.8630 solid resistance in addition to the major indicators that provide the negative momentum to force it to provide new negative crawl by reaching 0.8553.
We expect to resume the negative crawl to press on 38.2% Fibonacci correction level at 0.8530, while breaking this obstacle will continue to decline and target new negative stations that start at 0.8485 followed by reaching 0.8400 in the medium term period.
The expected trading range for today is between 0.8590 and 0.8485
The expected trend for today: Bearish
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