EURGBP Weekly Forex Forecast 7th October to 13th October
Midterm forecast:
The current trend is downtrend and the forecast is continuation of downtrend.
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 31.
The current trend is downtrend and the forecast is continuation of downtrend.
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 31.
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