Forex

EURGBP prepares to the bullish attack – Analysis – 21-12-2018

2018-12-21 08:52:17 GMT (Economies.com)

The EURGBP pair provided clear positive close above 0.8980 recently, which formed an obstacle against the bullish attempts, hinting the preparation to form strong positive attack in the near term and medium term period, thus, the stability of the current support allows us to expect rallying towards 0.9080 level, while surpassing it will extend trades towards 0.9160 followed by 0.9300 levels.

 

Stochastic rally towards the overbought areas agrees our bullish overview, to increase the chances of gaining the positive momentum and eases the mission of recording the suggested targets.

 

Expected trading range for today is between 0.8990 and 0.9160

 

Expected trend for today: Bullish

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