EURGBP Weekly Forex Forecast 23rd September To 28th September
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.
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.
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