The EURGBP pair prepares to resume the bullish attack – Analysis – 27-7-2020

Economies.com
2020-07-27 05:18AM UTC

The EURGBP pair resisted the recent intraday negative pressures caused by stochastic crawl below 80 level, to notice fluctuating within the bullish channel in addition to the stability above the initial support at 0.8935.

 

These factors allow us to keep the bullish overview, noting that stochastic begins to form bullish waves to increase the chances of gaining the additional positive momentum, expecting to target 0.9220 followed by reaching 0.9335 barrier.

 

The expected trading range for today is between 0.9050 and 0.9220

 

The expected trend for today: Bullish

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