The EURGBP fluctuates within the bullish channel – Analysis – 28-10-2020
Economies.com
2020-10-28 06:39AM UTC
The EURGBP pair lost its positive momentum due to stochastic decline below 50 level, to postpone the bullish attack and start forming temporary negative fluctuation and notice reaching the moving average 55 at 0.9013.
Note that the price stability within the bullish channel that depends on the stability of 0.8960 support line allows us to wait to gather the positive momentum and manage to renew the bullish attempts to record many targets by moving towards 0.9110 and 0.9185 levels.
The expected trading range for today is between 0.9000 and 0.9110
The expected trend for today: Bullish
Forex and Currency News
Forex
Yen moves in negative zone under supervision of Japanese authorities
2024-05-08 04:36AM UTC
Yen declined on Wednesday in Asian trade against a basket of major rivals, extending losses for the ...
Forex
Dollar regains footing ahead of important Fed remarks
2024-05-07 11:34AM UTC
Dollar rose in European trade on Tuesday against a basket of major rivals, holding ground above ...
Forex
Aussie is worst performing major currency after RBA's decision
2024-05-07 08:01AM UTC
The Australian dollar fell in European trade on Tuesday against a basket of major rivals, moving ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 08-05-2024
2024-05-08 09:36AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price presses on the key support ...
Forex
The AUDUSD price forecast update 08-05-2024
2024-05-08 09:36AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price achieved initial break to ...
Forex
The EURUSD price forecast update - 08-05-2024
2024-05-08 09:35AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price settles below the intraday ...