The EURGBP renews the negative action – Analysis – 9-1-2024
Economies.com
2024-01-09 06:03AM UTC
The EURGBP pair activated the bearish track again by providing negative closings below 0.8700 recently, to form additional barrier and notice targeting many negative stations by reaching 0.8590.
Note that the stability of the MA55 above the price and stochastic negative momentum signals support the negative overview for the upcoming trading, to expect targeting additional negative stations that might extend towards 0.8535 followed by reaching the next support at 0.8490.
The expected trading range for today is between 0.8625 and 0.8535
The expected trend for today: Bearish
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