The EURGBP was affected by some negative factors, forming bearish correctional decline to 0.8595, forming extra support to allow it recover some of the losses by its rally to 0.8660.

 

Note that the stability of the price within the bullish channel’s levels might extend its main support level to 0.8545, besides providing positive momentum by stochastic, these factors confirm the price readiness to renew its bullish attempts, to expect targeting 0.8695 level, to press on 0.8735 resistance.

 

The expected trading range for today is between 00.8630 and 0.8695

 

Trend forecast: Bullish