EURGBP hovers near the support – Analysis – 9-1-2019

2019-01-08 08:30:01 GMT (

The GBPCHF pair is forced to form a strong negative rebound in the last trading, to notice its fluctuation near the minor bullish channel’s support at 0.8950, the upcoming scenario depends on the strength of this support, and its stability makes us expect renewing the bullish attempts, which allows it to breach the moving average 55 that located at 0.8990, to begin recording several positive targets by reaching to 0.9035 and 0.9100.


Note that the price attempt to reach below the current support and providing negative close, so that will confirm its move to a new negative track, to expect suffering several losses by targeting 0.8885 and 0.8830 level.



Expected trading range for today is between 0.8950 and 0.9035


Expected trend for today: Bullish


More Analysis

Risk Disclaimer : Enzious Limited would like to remind you that the data provided in this site is not necessarily in real time or accurate. All stock prices, indices, futures and foreign exchange rates are not provided by exchanges but by market makers, so prices may not be accurate, may differ from the price of the actual market, which means that the quotes represent an indication and are not suitable for commercial purposes. Therefore Enzious Limited does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.