The EURGBP repeats the negative closings – Analysis – 01-12-2020
Economies.com
2020-12-01 06:28AM UTC
The EURGBP pair still stable negatively below 0.9010 resistance, to block the attempt to regain the bullish bias and increase the chances of forming correctional bearish trades.
Also, the moving average 55 continues to fluctuate near the current resistance to confirm blocking trades within the bearish range, to expect crawling towards 0.8895 and form the first negative target, while surpassing it might extend trades towards 0.8780 in the upcoming period.
The expected trading range for today is between 0.8975 and 0.8895
The expected trend for today: Bearish
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