Forex

The EURGBP reinforces its positivity – Analysis – 18-7-2019

2019-07-18 07:26:23 GMT (Economies.com)

The EURGBP pair succeeded to keep the bullish scenario by moving away from the bullish channel’s support line at 0.8975, to settle above the initial barrier 0.9015, which confirms the continuation of the positivity for the upcoming trading, waiting to record new targets by moving towards 0.9061 followed by attempting to press on 0.9090 resistance.

 

The consolidation of the moving average 55 near the bullish channel’s support line confirms blocking the price within the bullish range, also, stochastic rally above 50 level increases the chances of gathering the additional positive momentum to manage to reach the suggested positive stations.

 

The expected trading range for today is between 0.9015 and 0.9061

 

The expected trend for today: Bullish

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