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Weekly forecast Euro / British Pound technical chart
Symbol EURGBP

Download MT4 template file

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (0.8725 to 0.8815). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (0.8725)
    • Resistance on 01/12/2017
    • Resistance on 01/10/2017
    • Support on 10/04/2016
    • Resistance on 08/16/2016
    • Peak on 08/16/2016
    • Resistance on 08/07/2013
    • Resistance on 02/21/2013
    • Resistance on 02/20/2013
    • Resistance on 10/26/2011
    • Resistance on 10/25/2011
    • Resistance on 10/24/2011
    • Resistance on 10/21/2011
    • Resistance on 10/20/2011
    • Resistance on 10/10/2011
    • Resistance on 10/06/2011
    • Support on 09/23/2011
    • Support on 09/22/2011
    • Support on 09/16/2011
    • Resistance on 09/14/2011
    • Resistance on 09/09/2011
    • Support on 09/06/2011
    • Support on 08/24/2011
    • Resistance on 08/18/2011
    • Resistance on 08/05/2011
    • Resistance on 08/04/2011
    • Support on 08/01/2011
    • Support on 07/29/2011
    • Support on 07/18/2011
    • Support on 06/16/2011
  • Ending of entry zone (0.8815)
    • Resistance on 11/10/2016
    • Resistance on 10/05/2016
    • Resistance on 10/04/2016
    • Resistance on 09/25/2015
    • Resistance on 09/24/2015
    • Peak on 02/25/2013
    • Resistance on 02/25/2013
    • Resistance on 10/28/2011
    • Resistance on 10/27/2011

DateJanuary 14, 2017 - 10:08
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

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

Technical analysis:

  • A trough is formed in daily chart at 0.8450 on 01/03/2017, so more gains maximum to Trend Hunter Sell Zone (0.8725 to 0.8815) 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 69.

Take Profits:

  1. 0.8625
  2. 0.8490
  3. 0.8345
  4. 0.8250
  5. 0.8115
  6. 0.8035
  7. 0.7920
  8. 0.7750
  9. 0.7590
  10. 0.7415
  11. 0.6935
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