Forex

The EURGBP begins with new negativity – Analysis – 27-2-2019

2019-02-27 07:25:45 GMT (Economies.com)

The EURGBP pair faced strong negative pressures recently, which led to form negative wave to settle below the key support 0.8641, while the stability of the broken support and forming new resistance allows us to suggest more negative attempts, expecting to move towards 0.8521 followed by reaching 38.2% Fibonacci correction level at 0.8415.

 

Stochastic sharp decline and settling within the oversold areas reinforces our negative overview by providing new negative momentum and increases the chances of achieving our mentioned targets.

 

The expected trading range for today is between 0.8620 and 0.8521

 

The expected trend for today: Bearish

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