EURGBP prepares to decline – Analysis – 2-10-2018

2018-10-02 06:29:35 GMT (

The EURGBP pair kept its stability below 38.2% Fibonacci correction level recently, which forms additional resistance at 0.8930 level, to confirm the affection by the expected bearish bias domination, also, crawling below the moving average 55 prepares to form new negative trades to keep waiting to achieve the first main target at 0.8810, while breaking it will extend trades towards 0.8753.


Stochastic approach to the oversold areas reinforces the bearish overview by providing new negative momentum, to support the attempt to resume the negative attack and start recording the mentioned targets.


Expected trading range for today is between 0.8900 and 0.8810


Expected trend for today: Bearish


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.