The EURGBP still negative – Analysis – 13-5-2019
Economies.com
2019-05-13 07:56AM UTC
No change to the EURGBP pair’s trading despite forming new positive rebound, to depend on the stability of 0.8688 resistance, noticing the consolidation of the moving average 55 around the current resistance to confirm blocking the price within the negative range and wait to gather new negative momentum now.
Stochastic reach to the overbought areas confirms getting rid of the positive pressures to expect gathering new negative momentum and start declining to target 0.8545 followed by attempting to press on 0.8420 support line.
The expected trading range for today is between 0.8685 and 0.8545
The expected trend for today: Bearish
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