ForexCryptoA

EURGBP Weekly Forex Forecast 23rd September To 28th September

OANDA:EURGBP   Euro / British Pound
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.
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