Forex

The EURGBP keeps the positivity – Analysis – 26-6-2019

2019-06-26 06:20:22 GMT (Economies.com)

The EURGBP pair kept its stability within the bullish channel levels, by providing a positive close near 0.8960 level, by the above image, we notice the stability of the moving average 55 near the bullish channel’s support at 0.8896 level, which confirms the price confinement within the bullish range, to increase the chances for targeting new positive levels in the near and medium period.

 

Stochastic reach to the overbought level provides extra positive momentum, to ease the price mission to rally around 0.9015 level, and surpassing it will confirm moving to a new bullish track, as 0.9050 level forms the next target for the bullish bias.

 

The expected trading range for today is between 0.8935 and 0.9015

 

The expected trend for today: Bullish

 

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