EURGBP provides positive signal – Analysis – 26-10-2018

The EURGBP pair provide positive signal by rallying above 0.8852 resistance, hinting the release from the bearish bias domination and start building new bullish bias in the upcoming period, expecting the breached resistance to form solid support to increase the chances of rallying towards achieving the positive targets at 0.8890 followed by reaching the initial barrier at 0.8930.

The moving average 55 fluctuation below the current price supports our bullish overview by blocking the price within the bullish range and increases the chances of gathering the required positive momentum to start achieving the suggested targets.

Expected trading range for today is between 0.8860 and 0.8930

Expected trend for today: Bullish