EURGBP Daily Forecast Feb 24 2015

Outlook in EURGBP remains on the downside as long as 0.7404/0.7456 resistance holds on a daily closing basis , support comes at the 0.7324 levels where a cut will open 0.7250 levels, a halt is likely, but another cut would open 0.7160 next ,  further down will target the 0.7055 levels.

On the upside , resistance comes at the 07347/0.7404 levels ahead of the 0.7456 levels (main) , sustained breakout above the 0.7456 levels will turn outlook neutral and bring limited gains below the 0.7591 levels before the next fall.However ; break of the 0.7591 levels will extend recovery towards the 0.7714 levels .

In all , as long as 0.7456 resistance holds on a daily closing basis , outlook in EURGBP remains on the downside towards the 0.7250 levels ahead of the 0.7160 levels , above the 0.7456 levels , It faces a recovery risk towards  the 0.7591 levels before the next fall..

 

EURGBP Daily Forecast Feb 24 2015

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