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Weekly forecast Euro / British Pound technical chart
Symbol EURGBP

Trading suggestion:

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

DateAugust 14, 2022 - 20:05
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 0.83447, resumption of uptrend is expected.
  • We make sure when the resistance at 0.87156 breaks.
  • If the support at 0.83447 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 0.83380 on 08/03/2022, so more gains to resistance(s) 0.84775, 0.85664, 0.86328 and maximum to Major Resistance (0.87156) 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 50.

Supports and Resistances:

  1. 0.90000
  2. 0.89400
  3. 0.88600
  4. 0.87890
  5. 0.87156
  6. 0.86328
  7. 0.85664
  8. 0.84775
Click on the level to view price action history.

Symbol Released Current Forecast
Euro / British Pound (EURGBP) new Sun, 2 Oct 2022
Euro / British Pound (EURGBP) free Sat, 24 Sep 2022
Euro / British Pound (EURGBP) free Sun, 18 Sep 2022
Euro / British Pound (EURGBP) free Sun, 11 Sep 2022
Euro / British Pound (EURGBP) Sat, 3 Sep 2022