The EURGBP prepares for strong decline – Analysis – 15-1-2024
Economies.com
2024-01-15 05:42AM UTC
The EURGBP pair provided more negative closings below 0.8695 barrier to notice crawling below the MA55 and settling near 0.8595 to confirm surrendering to the domination of the bearish bias again.
Now, the major indicators provide the negative momentum, and 0.8635 level attempt to form additional barrier confirm the preparation to form strong negative attack to press on 38.2% Fibonacci correction level at 0.8530, while breaking it might extend losses towards 0.8490 and 0.8445.
The expected trading range for today is between 0.8620 and 0.8500
The expected trend for today: Bearish
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