Despite the weakness of the EURGBP last trading and its stability neat 0.8675 level, its overall stability within the minor bearish channel levels which are represented by 0.8715 level as an extension of the main resistance, besides providing negative momentum will increase the chances of targeting new negative stations that might begin at 0.8630 and 0.8600.

 

Stochastic is fluctuating near 20 level to provide extra negative momentum to activate the bearish trend and reaching the previously suggested stations.

 

The expected trading range for today is between 0.8630 and 0.8690

 

Trend forecast: Bearish