Forex

The EURGBP repeats the negative closings – Analysis – 15-3-2019

2019-03-15 07:38:24 GMT (Economies.com)

The EURGBP pair ended its recent trades by providing negative closings below 0.8645 resistance, confirming the surrender to the domination of the bearish bias domination, thus, we will keep our negative overview that targets 0.8420 initially, while breaking it will extend losses towards 0.8315 followed by 0.8145 levels.

 

The stability of the moving average 55 above the main resistance besides stochastic approach to the oversold areas agree the bearish overview, to increase the negative pressures on the price until achieving the main targets.

 

The expected trading range for today is between 0.8585 and 0.8420

 

The expected trend for today: Bearish

More Analysis

Risk Disclaimer : Enzious Limited would like to remind you that the data provided in this site is not necessarily in real time or accurate. All stock prices, indices, futures and foreign exchange rates are not provided by exchanges but by market makers, so prices may not be accurate, may differ from the price of the actual market, which means that the quotes represent an indication and are not suitable for commercial purposes. Therefore Enzious Limited does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.