EURGBP Weekly Forex Forecast 27th October to 1st November by yshashmi37 on

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 0.8965 would begin in Midterm.
Technical analysis:

While the RSI resistance #1 at 56 is not broken, the probability of price increase would be too low.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 58.

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