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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.

DateSeptember 19, 2020 - 20:06
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 0.93250, beginning of downtrend is expected.
  • We make sure when the support at 0.90700 breaks.
  • If the resistance at 0.93250 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of downtrend is decreased.
  • A peak is formed in daily chart at 0.9290 on 09/11/2020, so more losses minimum to Major Support (0.9070) 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 60.

Supports and Resistances:

  1. 0.9500
  2. 0.9325
  3. 0.9000
  4. 0.8940
  5. 0.8860
  6. 0.8785
  7. 0.8670
  8. 0.8590
  9. 0.8460
  10. 0.8275
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
Euro / British Pound (EURGBP) Sat, 9 Mar 2024
Euro / British Pound (EURGBP) Sat, 2 Mar 2024
Euro / British Pound (EURGBP) Sun, 25 Feb 2024