Weekly EURGBP Technical Analysis and Forecast - Forex

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Weekly forecast Euro / British Pound technical chart

Symbol

EURGBP

Download MT4 template file

Trade Setup

#EURGBP
Total Profit: -476 pip
Closed trade(s): 0 pip Profit
Open trade(s): -476 pip Profit

Trade Setup:
We opened 7 SELL trade(s) @ 0.9029 based on 'Shooting star' at 2020.06.23 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Open Profit:
Profit for one trade is 0.9029(open price) - 0.9097(current price) = -68 pip
7 trade(s) still open, therefore total profit for open trade(s) is -68 x 7 = -476 pip

Trading suggestion:

We have already opened Sell trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

Date June 27, 2020 - 21:09

Current range bound

Forecast beginning of downtrend

Midterm forecast:

While the price is below the resistance 0.95000, beginning of downtrend is expected.
We make sure when the support at 0.88600 breaks.
If the resistance at 0.95000 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A trough is formed in daily chart at 0.8862 on 06/09/2020, so more gains to resistance(s) 0.9190, 0.9325, 0.9410 and maximum to Major Resistance (0.9500) 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 65.

Take Profits:

0.8860
- Support on 06/09/2020
- Support on 06/02/2020
- Resistance on 05/14/2020
- Resistance on 05/13/2020
- Resistance on 04/21/2020
0.8785
- Resistance on 05/11/2020
- Resistance on 05/07/2020
- Resistance on 05/04/2020
- Resistance on 05/01/2020
- Resistance on 04/23/2020
- Resistance on 04/13/2020
- Support on 04/06/2020
- Support on 04/01/2020
- Resistance on 03/11/2020
- Resistance on 03/10/2020
- Support on 09/20/2019
- Trough on 09/20/2019
0.8670
- Support on 04/30/2020
- Trough on 04/30/2020
- Resistance on 10/25/2019
- Resistance on 10/24/2019
- Resistance on 10/23/2019
- Support on 05/15/2019
- Resistance on 05/13/2019
- Resistance on 04/22/2019
- Resistance on 04/18/2019
- Resistance on 04/17/2019
- Resistance on 03/20/2019
- Resistance on 03/11/2019
- Support on 02/25/2019
- Support on 02/21/2019
- Support on 02/20/2019
- Support on 02/19/2019
- Support on 01/29/2019
- Support on 11/14/2018
- Support on 11/13/2018
- Support on 03/22/2018
- Support on 06/07/2017
- Resistance on 05/25/2017
- Resistance on 05/23/2017
- Support on 03/16/2017
- Support on 03/15/2017
- Resistance on 03/08/2017
- Resistance on 03/07/2017
- Resistance on 03/06/2017
- Resistance on 01/23/2017
- Resistance on 01/20/2017
- Resistance on 01/19/2017
- Resistance on 01/18/2017
- Resistance on 01/11/2017
- Resistance on 12/30/2016
- Support on 11/10/2016
- Support on 10/03/2016
- Resistance on 09/30/2016
- Resistance on 09/29/2016
- Resistance on 09/23/2016
- Resistance on 08/22/2016
- Resistance on 08/19/2016
- Resistance on 08/18/2016
- Resistance on 08/17/2016
- Resistance on 08/07/2013
- Resistance on 08/06/2013
- Support on 08/02/2013
- Resistance on 07/15/2013
- Resistance on 07/11/2013
- Resistance on 07/09/2013
- Support on 03/13/2013
- Support on 03/08/2013
- Resistance on 03/04/2013
- Resistance on 03/01/2013
- Resistance on 02/28/2013
- Resistance on 02/27/2013
- Support on 02/20/2013
- Resistance on 02/14/2013
- Resistance on 02/13/2013
- Resistance on 02/07/2013
0.8590
- Support on 03/02/2020
- Resistance on 01/14/2020
- Resistance on 12/23/2019
- Resistance on 11/27/2019
- Resistance on 11/22/2019
- Support on 11/06/2019
- Support on 11/05/2019
- Support on 11/01/2019
- Support on 10/24/2019
- Support on 10/22/2019
- Support on 10/21/2019
- Support on 10/18/2019
- Support on 10/17/2019
- Support on 10/16/2019
- Resistance on 05/03/2019
- Support on 04/30/2019
- Resistance on 04/04/2019
- Resistance on 04/02/2019
- Resistance on 03/26/2019
- Resistance on 03/25/2019
- Resistance on 03/18/2019
- Resistance on 03/07/2019
- Resistance on 03/06/2019
- Resistance on 02/28/2019
- Support on 02/26/2019
- Resistance on 05/16/2017
- Resistance on 04/05/2017
- Resistance on 04/04/2017
- Resistance on 03/31/2017
- Resistance on 03/02/2017
- Resistance on 03/01/2017
- Resistance on 02/17/2017
- Resistance on 02/02/2017
- Resistance on 02/01/2017
- Resistance on 01/31/2017
- Support on 01/09/2017
- Resistance on 01/06/2017
- Resistance on 01/05/2017
- Resistance on 12/30/2016
- Resistance on 12/29/2016
- Resistance on 11/23/2016
- Resistance on 11/21/2016
- Support on 11/16/2016
- Support on 11/15/2016
- Support on 11/14/2016
- Support on 11/11/2016
- Support on 09/29/2016
- Support on 09/28/2016
- Resistance on 09/22/2016
- Resistance on 09/21/2016
- Resistance on 09/20/2016
- Resistance on 09/16/2016
- Support on 08/19/2016
- Support on 08/18/2016
- Support on 08/12/2016
- Resistance on 07/11/2016
- Resistance on 07/08/2016
- Resistance on 07/07/2016
- Resistance on 07/06/2016
- Support on 08/28/2013
- Resistance on 08/14/2013
- Support on 08/12/2013
- Support on 08/09/2013
- Support on 08/08/2013
- Support on 08/07/2013
- Support on 07/25/2013
- Support on 07/24/2013
- Support on 07/19/2013
- Support on 07/10/2013
- Support on 07/09/2013
- Resistance on 07/04/2013
- Resistance on 07/02/2013
- Resistance on 07/01/2013
- Resistance on 06/28/2013
- Resistance on 06/20/2013
- Resistance on 06/19/2013
- Resistance on 05/30/2013
- Resistance on 05/29/2013
- Resistance on 05/24/2013
- Resistance on 05/22/2013
- Resistance on 04/22/2013
- Resistance on 04/17/2013
- Resistance on 04/16/2013
- Resistance on 03/20/2013
- Resistance on 03/19/2013
- Resistance on 03/18/2013
- Support on 03/05/2013
- Support on 02/26/2013
- Support on 02/25/2013
- Support on 02/15/2013
- Support on 02/14/2013
- Resistance on 02/12/2013
- Resistance on 01/31/2013
- Resistance on 01/30/2013
- Resistance on 01/28/2013
0.8460
- Support on 02/07/2020
- Support on 02/04/2020
- Resistance on 01/30/2020
- Resistance on 01/29/2020
- Resistance on 01/28/2020
- Support on 01/08/2020
- Support on 01/07/2020
- Support on 12/31/2019
- Support on 03/13/2019
- Support on 05/05/2017
- Support on 04/26/2017
- Support on 04/24/2017
- Support on 04/17/2017
- Support on 04/14/2017
0.8275
- Support on 12/13/2019
- Trough on 12/13/2019
- Support on 07/15/2016
- Support on 07/14/2016

Click on the level to view price action history.

Symbol	Released	Current	Forecast
Euro / British Pound (EURGBP)	Sun, 14 Apr 2024
Euro / British Pound (EURGBP)	Sat, 6 Apr 2024
Euro / British Pound (EURGBP)	Sat, 30 Mar 2024
Euro / British Pound (EURGBP)	Sat, 23 Mar 2024
Euro / British Pound (EURGBP)	Sun, 17 Mar 2024

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