The EURGBP begins to decline – Analysis – 2-5-2019

Economies.com
2019-05-02 06:40AM UTC

The affection of 0.8680 resistance continued on the EURGBP pair, to notice forming negative crawling by reaching 0.8588 level, while the continuous stability below the current resistance allows us to suggest more negative attempts until reaching the main targets at 0.8515 followed by 0.8420.

 

Stochastic crawling towards the oversold areas increases the chances of gathering new negative momentum, also, the stability of the moving average 55 around the current resistance confirms blocking the price within the negative range until reaching towards the suggested targets.

 

The expected trading range for today is between 0.8620 and 0.8515

 

The expected trend for today: Bearish

Forex and Currency News

Forex News

Forex

Dollar hits six-week high ahead of US growth data
2024-03-28 11:38AM UTC
US Dollar's Rise in European Trade The US dollar rose in European trade on Thursday against a ...
EUR/USD news

Forex

Euro sharpens decline to five-week trough on the interest rate gap
2024-03-28 08:30AM UTC
Euro declined in European trade on Thursday against a basket of major rivals, sharpening losses for ...
Forex News

Forex

Dollar under pressure ahead of Christopher Waller's speech
2024-03-27 11:18AM UTC
The dollar declined in European trade on Wednesday against a basket of major rivals away from ...

Forex Technical Analysis

NZD USD Analysis

Forex

The NZDUSD price forecast update 28-03-2024
2024-03-28 10:19AM UTC
NZDUSD Price Analysis The NZDUSD price resumes its negative trading to move away from 0.6000$ ...
AUD USD Analysis

Forex

The AUDUSD price forecast update 28-03-2024
2024-03-28 10:19AM UTC
AUDUSD Price Analysis The AUDUSD price achieved initial break to 0.6500$ level and closed the ...
GBP USD Analysis

Forex

The GBPUSD forecast update 28-03-2024
2024-03-28 10:19AM UTC
GBPUSD Trading Analysis The GBPUSD price shows calm bearish bias to gradually approach our first ...