The EURGBP price faced new negative pressures to force it to break 0.8355 support line and suffer additional losses by reaching 0.8290, to face solid support base and settle above it as appears on the chart.

 

The frequent stability above the current support and stochastic positive momentum signals allow us to suggest the bullish scenario, to start targeting many positive stations by rallying towards 0.8340 soon, followed by attempting to press on the MA55 at 0.8365.

 

The expected trading range for today is between 0.8300 and 0.8365

 

Trend forecast: Bullish