The EURGBP pair repeated its fluctuation within the negative range caused by the price stability below 0.8595 resistance that appears on the chart, to increase the chances of renewing the negative attempts in the near term and medium term basis.
We expect the price to gather new negative momentum by declining direct to 0.8445 level, to press on 50% Fibonacci correction level, while breaking this obstacle might extend trades towards 0.8240 in the upcoming period.
The expected trading range for today is between 0.8570 and 0.8445
The expected trend for today: Bearish