EURGBP Daily Forecast Jun 20 2014

The EURGBP continued its bearish momentum yesterday , printed resistance at the 0.8024  levels . This development leaves the pair targeting the 0.7935  levels , a halt is likely , but losing the 0.7935  levels on a daily  basis would open 0.7875 next , further downside will aim the 0.7815  levels….

On the upside , main resistance at 0.8024  levels , break of the 0.8024 levels  will turn outlook neutral for the 0.8085 levels , a halt could be seen, but break of the 0.8085 levels will recapture the 0.8152  levels before the next fall….

In all , as long as resistance 0.8024  holds on a daily closing basis , outlook in EURGBP  remains on the downside towards the 0.7935  levels and possible lower towards the 0.7875 levels , break of 0.8024  levels will reverse risks towards the 0.8085  levels and possible higher towards the 0.8152  levels….


EURGBP Daily Forecast Jun 20 2014