The EURGBP activated the bullish corrective trend after reaching 0.8455 level, attempting to recover some losses by targeting 0.8538 level, forcing it to form some sideways trading by its fluctuation near 0.8520.

 

Note that the contradiction of the main indicators besides forming a key barrier at 0.8553 level against the current trading supports the chances of renewing the negative attempts, to expect reaching 0.8495, then attempting to renew the pressure on 0.8455 barrier to find an exit for resuming the bearish trend in the upcoming period trading.

 

The expected trading range for today is between 0.8495 and 0.8548

 

Trend forecast: Fluctuating