The EURGBP exits the bearish track – Forecast today – 22-4-2024
Economies.com
2024-04-22 05:27AM UTC
EURGBP Pair Price Analysis
Expected Scenario
- The EURGBP pair formed a strong bullish rally last Friday, surpassing the bearish channel’s resistance at 0.8560 and confirming a move to the bullish track by surpassing the MA55 and settling near 0.8610.
- We expect to form additional support by the MA55 at 0.8578. Additionally, stochastic provides positive momentum to the price, suggesting achieving additional gains that might extend towards 0.8630 and 0.8665 levels soon.
Expected Trading Range
Between 0.8590 support and 0.8630 resistance.
Trend Forecast: Bullish
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