See my previous analysis on March 9, titled "EURGBP Future Forecast" on the linked link below. Price movements are almost the same as the previous analysis.
In this week Euro strengthened uncontrollably, without correction (red candle) on the daily timeframe. My estimation is still the same that Euro would continue rising till the point of Fibo 1 or even more. But before moving back up, there should be a correction, as well as the RSI is already in the overbought zone. My estimate, the maximum correction to the point fibo 0.5.
In this week Euro strengthened uncontrollably, without correction (red candle) on the daily timeframe. My estimation is still the same that Euro would continue rising till the point of Fibo 1 or even more. But before moving back up, there should be a correction, as well as the RSI is already in the overbought zone. My estimate, the maximum correction to the point fibo 0.5.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.