EURGBP Daily Forecast Apr 04 2014

The EURGBP continued its bearish momentum yesterday , printed resistance at the 0.8314 levels , bottomed at the 0.8260 levels. This development leaves the pair targeting the 0.8245 levels where a breach is likely , If seen , It will target the 0.8220 levels , further downside will aim the 0.8200 levels , a cut will open the 0.8157 levels.

On the upside , resistance comes at the 0.8278 levels ahead of 0.8314 ( main ) , break of 0.8314 on a daily basis will turn outlook neutral for retesting 0.8365 levels before the next fall, If this resistance is taken out , the pair would challenge the 0.8400 levels.

In all , as long as resistance 0.8314 holds on a daily basis , the EURGBP will remain based to the downside towards the 0.8245/0.8220 levels , break of 0.8314 would reverse risks towards the 0.8365 levels before the next possible fall…


EURGBP Daily Forecast Apr 04 2014




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