EURGBP Daily Forecast Dec 02 2014

Outlook in EURGBP remains neutral with risk to the downside , resistance comes at the 0.7954 levels , stability below this level on a daily closing basis could mean a return to the 0.7880 levels where a cut will open 0.7835/0.7800 next , further losses will aim the 0.7765 levels.

On the upside , resistance comes at the 0.7954 levels , a break would open 0.8000 next , further upside will call for a run towards the 0.8038/0.8065 levels.

In all , as long as resistance 0.7954 holds on a daily closing , outlook in EURGBP remains on the downside towards the 0.7880/0.7800 levels. above 0.7954 will reverse risk towards the 0.8000/0.8038 before the next possible fall…


EURGBP Daily Forecast Dec 02 2014




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