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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.

DateOctober 3, 2020 - 18:34
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 0.93250, beginning of downtrend is expected.
  • We make sure when the support at 0.88600 breaks.
  • If the resistance at 0.93250 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of downtrend is decreased.
  • A peak is formed in daily chart at 0.9290 on 09/11/2020, so more losses to support(s) 0.9000, 0.8940 and minimum to Major Support (0.8860) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 47.

Supports and Resistances:

  1. 0.9500
  2. 0.9325
  3. 0.9000
  4. 0.8940
  5. 0.8860
  6. 0.8785
  7. 0.8670
  8. 0.8590
  9. 0.8460
  10. 0.8275
Click on the level to view price action history.

Symbol Released Current Forecast
Euro / British Pound (EURGBP) Sat, 23 Mar 2024
Euro / British Pound (EURGBP) Sun, 17 Mar 2024
Euro / British Pound (EURGBP) Sat, 9 Mar 2024
Euro / British Pound (EURGBP) Sat, 2 Mar 2024
Euro / British Pound (EURGBP) Sun, 25 Feb 2024