The EURGBP pair repeated providing negative pressures on the minor bullish channel’s support at 0.8968, to increase the chances for moving to the bearish track in the current period, stochastic attempt to reach below 50 level besides the stability of the moving average 55 above the current trading supports the suggested negative scenario.
therefore, we recommend waiting for achieving the suggested break, to increase the chances for targeting new negative levels that might extend to 0.8895 and 0.8835 in the near period.
The expected trading range for today is between 0.9000 and 0.8895
The expected trend for today: Bearish