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Weekly forecast Euro / British Pound technical chart
Symbol EURGBP

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Trade Setup

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (0.9150 to 0.9305). 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 (0.9150)
    • Support on 09/01/2017
    • Resistance on 08/18/2017
    • Resistance on 10/12/2016
    • Resistance on 09/24/2015
    • Resistance on 03/01/2010
    • Resistance on 12/01/2009
    • Resistance on 11/30/2009
  • Ending of entry zone (0.9305)
    • Peak on 08/29/2017
    • Resistance on 08/29/2017
    • Resistance on 10/07/2016
    • Resistance on 10/11/2009
    • Resistance on 09/28/2009
    • Support on 03/26/2009
    • Support on 03/23/2009
    • Resistance on 03/13/2009

DateSeptember 17, 2017 - 13:06
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

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

Technical analysis:

  • A peak is formed in daily chart at 0.9200 on 09/07/2017, so more losses to support(s) 0.8785, 0.8725, 0.8625 and more depths 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 25.

Take Profits:

  1. 0.9045
  2. 0.8930
  3. 0.8850
  4. 0.8785
  5. 0.8725
  6. 0.8625
  7. 0.8490
  8. 0.8345
  9. 0.8250
  10. 0.8115
  11. 0.7750
  12. 0.7590
  13. 0.7415
  14. 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