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Weekly forecast Euro / British Pound technical chart
Symbol EURGBP

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Trade Setup

#EURGBP:
Total Loss: 2496 pip
Closed trade(s): 2496 pip Loss
_______________________________________________
Trade Setup:
We opened 13 SELL trade(s) @ 0.8610 (day close price) based on 'Valley' at 2016.09.27 signaled by DTO:
http://ForecastCity.com/forecasts/Forex/daily-trading-opportunity/EURGBP...

Total Loss:
SL @ 0.8802 touched at 2016.10.04 with 192 pip Loss.
Loss for one trade is 0.8802(close price) - 0.8610(open price) = 192 pip
Therefore total loss for trades is 192 x 13 = 2496 pip
_______________________________________________

Trading suggestion:

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

DateOctober 9, 2016 - 18:54
Currentuptrend
Forecastbeginning of downtrend

Midterm forecast:

  • The current trend is uptrend but the forecast is beginning of downtrend.

Technical analysis:

  • A trough is formed in daily chart at 0.8590 on 09/28/2016, so more gains to resistance(s) 0.9045, 0.9240, 0.9520 and more heights 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 81.

Supports and Resistances:

  1. 0.6935
  2. 0.7080
  3. 0.7250
  4. 0.7415
  5. 0.7590
  6. 0.7830
  7. 0.7920
  8. 0.8035
  9. 0.8115
  10. 0.8250
  11. 0.8345
  12. 0.8490
  13. 0.8625
  14. 0.8725
  15. 0.8815
  16. 0.9045
  17. 0.9240
  18. 0.9520
  19. 0.9800
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
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Euro / British Pound (EURGBP) Sun, 25 Feb 2024