Forex

The EURGBP continues to crawl positively – Analysis – 3-7-2019

2019-07-03 07:08:46 GMT (Economies.com)

The EURGBP pair continued to form clear positive crawling due to the frequent stability above the minor bullish channel’s support line at 0.8930, confirming keeping the main bullish bias domination, expecting to press positively on 0.8980 level, assuring the importance of surpassing this barrier to reach the additional targets at 0.9000 followed by 0.9040.

 

Stochastic reach to the overbought areas reinforces our bullish overview by providing new positive momentum to increase the chances of resuming recording the targets on the near term and medium term period.

 

The expected trading range for today is between 0.8955 and 0.9000

 

The expected trend for today: Bullish

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