EURGBP Will Move Higher! Long!

7 בספט׳ 2023

Take a look at our analysis for EURGBP.

Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The market is approaching a key horizontal level 0.858.

Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.861 level.

P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.

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