EURGBP Daily Forecast Mar 25 2014

The EURGBP continued its bullish momentum yesterday , printed support at the 0.8343 levels . This development leaves the pair targeting the 0.8400 levels where a breach is likely , If seen , It will target the 0.8450 levels , a halt is likely , but break of the 0.8450 levels would open 0.8500 next , further upside will aim the 0.8540 levels .

On the downside , support comes at the 0.8380 levels  ahead of the 0.8343 levels  ( main ) , losing the 0.8343 levels on a daily closing basis will turn outlook neutral for retesting 0.8287 levels before the next possible rise , sustained trading below the 0.8287 will reverse risks towards the 0.8200 levels.

In all as long as support 0.8343 holds on a daily closing basis , the EURGBP  will remain based to the upside towards the 0.8400/0.8450  levels , below 0.8343 would delay the bullish move fore retesting the 0.8287  levels before the next rise…

EURGBP Daily Forecast Mar 25 2014