Forex

The EURGBP holds within the bullish range – Analysis – 11-6-2019

2019-06-11 06:39:21 GMT (Economies.com)

The EURGBP pair reinforced the continuation of the positivity by moving at the middle of the bullish channel and record 0.8930 level, and as long as the price fluctuates above the bullish channel’s support line at 0.8870, we will suggest more positive attempts that target 0.8955 followed by 0.9010 levels to form an intraday obstacle against the bullish attack.

 

We notice the consolidation of the moving average 55 below the bullish channel to confirm blocking the price within the bullish range, while stochastic attempt to exit the overbought areas might force the price to provide some sideways fluctuation until gathering additional momentum.

 

The expected trading range for today is between 0.8890 and 0.8955

 

The expected trend for today: Bullish

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