The EURGBP is affected by the continuation of the main indicators, which forces it to delay the bearish trend by its stability above the extra support at 0.8532 level, forming some bullish corrective waves, approaching the barrier at 0.8585.

 

Note that the stability of the trading within the bearish channel’s levels that appear in the above image and forming additional barriers by the moving average 55 stability near 0.8600 makes us keep the bearish scenario, to keep waiting for gathering extra negative momentum to reach 0.8555, then repeat the pressure on the additional support to find an exit for resuming the main bearish trend.

 

The expected trading range for today is between 0.8555 and 0.8590

 

Trend forecast: Bearish