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Dear Colleagues, the prices are inside a downward channel (see daily chart) and if you see the monthly chart the prices a re overbought. So my expactation is that the price will break the channel and go down until around 165.5 at beginning of March.
Zorro145's Blog
EURGBP Forecast
Dear Colleagues, the prices are in a downward channel both in daily and monthly charts. The prices wil continue going slowly down maybe breakin the daily channel, but at the end at beginning of March I expect that the price will be around 0.87.
EUR/GBP Forecast
Dear Colleagues,
please find hereinafter my forecast on EURGBP. As you can see from the Daily Chart, there is a big triangle that is going
to be broken by the prices upwards or downwards.
It seems it is going top be downwards. If we look at the monthly chart we can see a big channel in downtrend.
So my forecast is that the prices will go downtrend in the next weeks. The
target fot the first days of new year could be at about 0.8025 level.
It could be even more down, butr at 0.7840 there is a hu…
please find hereinafter my forecast on EURGBP. As you can see from the Daily Chart, there is a big triangle that is going
to be broken by the prices upwards or downwards.
It seems it is going top be downwards. If we look at the monthly chart we can see a big channel in downtrend.
So my forecast is that the prices will go downtrend in the next weeks. The
target fot the first days of new year could be at about 0.8025 level.
It could be even more down, butr at 0.7840 there is a hu…