EUR/GBP – Currency exchange rate forecast 23.08.2019: as long as 0.9089 is resistance look for 0.8989

EUR/GBP - Currency exchange rate forecast 23.08.2019: as long as 0.9089 is resistance look for 0.8989

Alternative scenario: the upside breakout of 0.9089 would call for 0.9123 and 0.9144.

Our pivot point is at 0.9089.

Our preference: as long as 0.9089 is resistance look for 0.8989.

Alternative scenario: above 0.9089, look for 0.9123 and 0.9144.

Comment: the RSI is below 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 0.9056 and 0.9060).

Supports and resistances:

0.9144 **

0.9123 *

0.9089 **

0.9076

0.9051 last

0.9009

0.8989 **

0.8969 *

0.8948 **

EUR/GBP – Currency exchange rate forecast 22.08.2019: the RSI is oversold

EUR/GBP - Currency exchange rate forecast 22.08.2019: the RSI is oversold

Alternative scenario: the upside breakout of 0.9096 would call for 0.9130 and 0.9150.

Our pivot point is at 0.9096.

Our preference: the downside prevails as long as 0.9096 is resistance.

Alternative scenario: the upside breakout of 0.9096, would call for 0.9130 and 0.9150.

Comment: the RSI is trading below 30. This could mean that either the pair is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 0.9128 and 0.9137). Finally, the EUR/GBP is trading below its lower Bollinger band (standing at 0.9078).

Supports and resistances:

0.9150 **

0.9130 *

0.9096 **

0.9082

0.9060 last

0.9000

0.8980 **

0.8959 *

0.8939 **

EUR/GBP – Currency exchange rate forecast 21.08.2019: the upside prevails as long as 0.9113 is support

EUR/GBP - Currency exchange rate forecast 21.08.2019: the upside prevails as long as 0.9113 is support

The configuration is positive.

0.9113 is our pivot point.

Our preference: the upside prevails as long as 0.9113 is support.

Alternative scenario: below 0.9113, expect 0.9078 and 0.9058.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 0.9141 and 0.9132).

Supports and resistances:

0.9252 **

0.9231 *

0.9211 **

0.9190

0.9143 last

0.9126

0.9113 **

0.9078 *

0.9058 **

EUR/GBP Currency exchange rate forecast 19.08.2019: target 0.9075

EUR/GBP Currency exchange rate forecast 19.08.2019: target 0.9075

Our preference: target 0.9075.

0.9170 is our pivot point.

Our preference: target 0.9075.

Alternative scenario: the upside breakout of 0.9170, would call for 0.9205 and 0.9225.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 MA (0.9153) but above its 50 MA (0.9138).

Supports and resistances:

0.9225 **

0.9205 *

0.9170 **

0.9156

0.9139 last

0.9096

0.9075 **

0.9055 *

0.9034 **

EUR/GBP Currency exchange rate forecast 16.08.2019: rebound towards 0.9247

EUR/GBP Currency exchange rate forecast 16.08.2019: rebound towards 0.9247

Our preference: rebound towards 0.9247.

Our pivot point stands at 0.9155.

Our preference: rebound towards 0.9247.

Alternative scenario: below 0.9155, expect 0.9121 and 0.9100.

Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair is trading above its 20 MA (0.9184) but under its 50 MA (0.9198).

Supports and resistances:

0.9288 **

0.9267 *

0.9247 **

0.9226

0.9184 last

0.9169

0.9155 **

0.9121 *

0.9100 **

EUR/GBP Currency exchange rate forecast 15.08.2019: the RSI is oversold

EUR/GBP Currency exchange rate forecast 15.08.2019: the RSI is oversold

Alternative scenario: the upside breakout of 0.9247 would call for 0.9282 and 0.9303.

Our pivot point stands at 0.9247.

Our preference: the downside prevails as long as 0.9247 is resistance.

Alternative scenario: above 0.9247, look for 0.9282 and 0.9303.

Comment: the RSI is trading below 30. This could mean that either the pair is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 0.9237 and 0.9241). Finally, the EUR/GBP is trading below its lower Bollinger band (standing at 0.9214).

Supports and resistances:

0.9303 **

0.9282 *

0.9247 **

0.9234

0.9213 last

0.9170

0.9149 **

0.9128 *

0.9108 **

EUR/GBP Currency exchange rate forecast 14.08.2019: rebound

EUR/GBP Currency exchange rate forecast 14.08.2019: rebound

Alternative scenario: below 0.9232, expect 0.9197 and 0.9176.

Our pivot point stands at 0.9232.

Our preference: rebound.

Alternative scenario: the downside breakout of 0.9232 would call for 0.9197 and 0.9176.

Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the pair is trading above its 20 MA (0.9261) but under its 50 MA (0.9265).

Supports and resistances:

0.9371 **

0.9350 *

0.9329 **

0.9308

0.9264 last

0.9246

0.9232 **

0.9197 *

0.9176 **

EUR/GBP Currency exchange rate forecast 13.08.2019: the upside prevails as long as 0.9256 is support

EUR/GBP Currency exchange rate forecast 13.08.2019: the upside prevails as long as 0.9256 is support

Our preference: the upside prevails as long as 0.9256 is support.

0.9256 is our pivot point.

Our preference: the upside prevails as long as 0.9256 is support.

Alternative scenario: the downside breakout of 0.9256 would call for 0.9221 and 0.9200.

Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 0.9279 and 0.9280).

Supports and resistances:

0.9392 **

0.9371 *

0.9351 **

0.9330

0.9284 last

0.9270

0.9256 **

0.9221 *

0.9200 **

EUR/GBP Currency exchange rate forecast 13.08.2019: the upside prevails as long as 0.9252 is support

EUR/GBP Currency exchange rate forecast 13.08.2019: the upside prevails as long as 0.9252 is support

Alternative scenario: the downside breakout of 0.9252 would call for 0.9217 and 0.9196.

0.9252 is our pivot point.

Our preference: the upside prevails as long as 0.9252 is support.

Alternative scenario: the downside breakout of 0.9252 would call for 0.9217 and 0.9196.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 0.9280 and 0.9282).

Supports and resistances:

0.9390 **

0.9369 *

0.9348 **

0.9327

0.9284 last

0.9266

0.9252 **

0.9217 *

0.9196 **

EUR/GBP Currency exchange rate forecast 12.08.2019: the downside prevails as long as 0.9296 is resistance

EUR/GBP Currency exchange rate forecast 12.08.2019: the downside prevails as long as 0.9296 is resistance

Alternative scenario: above 0.9296, look for 0.9331 and 0.9352.

0.9296 is our pivot point.

Our preference: the downside prevails as long as 0.9296 is resistance.

Alternative scenario: the upside breakout of 0.9296, would call for 0.9331 and 0.9352.

Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 0.9291 and 0.9294).

Supports and resistances:

0.9352 **

0.9331 *

0.9296 **

0.9282

0.9267 last

0.9223

0.9202 **

0.9182 *

0.9161 **