Category: EURGBP

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EURGBP Weekly Forex Forecast 30 September to 6th October by yshashmi37 on TradingView.com

Midterm forecast:

While the price is below the resistance 0.9305, beginning of downtrend is expected.
We make sure when the support at 0.8850 breaks.
If the resistance at 0.9305 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:

While the RSI resistance #1 at 54 is not broken, the probability of price increase would be too low.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index ( RSI ) is 46.

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EURGBP Weekly Forex Forecast 23rd September To 29th September by yshashmi37 on TradingView.com

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 0.9305 would begin in Midterm.
Technical analysis:

The RSI resistance #1 at 51 is broken, so the probability of beginning of downtrend is decreased.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 56.