The EURGBP forms minor bullish channel – Analysis – 28-5-2019

The EURGBP pair formed minor bullish channel recently to reinforce the continuation of the positivity that started by breaching 0.8705 level and providing frequent bullish trades until reaching 0.8836, while we will depend on the stability of the bullish channel’s support line at 0.8808 to increase the chances of resuming the bullish attack that targets 0.8865 followed by 0.8915 levels.

The moving average 55 fluctuation around the current support confirms blocking the price within the bullish range, also, stochastic release from the oversold areas will increase the chances of gathering the required positive momentum to achieve the waited targets.

The expected trading range for today is between 0.8810 and 0.8865

The expected trend for today: Bullish