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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.

DateJuly 16, 2016 - 11:44
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • The current trend is uptrend and the forecast is continuation of uptrend.

Technical analysis:

  • A peak is formed in daily chart at 0.8625 on 07/07/2016, so more losses to support(s) 0.8155, 0.8115, 0.8035 and more depths 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 58.

Supports and Resistances:

  1. 0.6935
  2. 0.7000
  3. 0.7250
  4. 0.7415
  5. 0.7485
  6. 0.7550
  7. 0.7650
  8. 0.7740
  9. 0.7830
  10. 0.7920
  11. 0.8035
  12. 0.8115
  13. 0.8155
  14. 0.8395
  15. 0.8465
  16. 0.8575
  17. 0.8720
  18. 0.8815
  19. 0.9045
  20. 0.9240
  21. 0.9520
  22. 0.9800
Click on the level to view price action history.

Symbol Released Current Forecast
Euro / British Pound (EURGBP) Sat, 23 Mar 2024
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