The EURGBP repeats the negative closings – Analysis – 12-1-2021
Economies.com
2021-01-12 06:13AM UTC
The EURGBP pair kept its negative stability below 0.9095 resistance, to increase the chances of resuming the negative attack and notice crawling below the moving average 55 and recording 0.8975 level.
Note that stochastic decline and approaching 20 level will provide the price with new negative momentum to manage to break the additional support at 0.8932 followed by attempting to reach the main negative stations represented by 0.8875 and 0.8760 levels.
The expected trading range for today is between 0.9025 and 0.8932
The expected trend for today: Bearish
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