EURGBP Daily Forecast Mar 03 2015

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

On the upside , resistance comes at the 0.7324 levels (main) , sustained breakout above the 0.7324 levels will turn outlook neutral and bring rebound towards the 0.7404/0.7456 levels before the next fall…

In all , as long as 0.7324 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 0.7324 levels , It faces a recovery risk towards  the 0.7404/0.7456 levels before the next fall..

EURGBP Daily Forecast Mar 03 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS