EURGBP Daily Forecast Jul 31 2014

Outlook in EURGBP remains on the downside as long as resistance  0.7940/0.7980  holds on a daily closing basis , support comes at the 0.7873 levels , losing this level would open 0.7800 next , further downside will aim the 0.7750 levels…

On the upside , resistance comes at the 0.7940/0.7980  levels , break of 0.7980 levels on a daily closing basis will turn outlook neutral for retesting the 0.8033/0.8085 levels before the next fall…….

In all , as long as resistance 0.7940/0.7980 holds on a daily closing basis , outlook in EURGBP remains on the downside towards the 0.7873 levels and possible lower towards the 0.7980 levels , break of the 0.7980 levels will turn outlook neutral for retesting the 0.8033/0.8085 levels before the next fall…….

 

EURGBP Daily Forecast Jul 31 2014

 

 

 

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