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Weekly forecast Euro / British Pound technical chart
Symbol EURGBP

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Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateAugust 10, 2019 - 21:42
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 0.95200, beginning of downtrend is expected.
  • We make sure when the support at 0.90500 breaks.
  • If the resistance at 0.95200 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 0.8890 on 07/25/2019, so more gains to resistance(s) 0.9410 and maximum to Major Resistance (0.9520) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 74.

Supports and Resistances:

  1. 0.9310
  2. 0.9150
  3. 0.9000
  4. 0.8930
  5. 0.8895
  6. 0.8825
  7. 0.8725
  8. 0.8620
  9. 0.8490
Click on the level to view price action history.

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