EURGBP Daily Forecast Mar 27 2014

The EURGBP maintained a bearish momentum yesterday , broke below the 0.8343 levels , printed resistance at the 0.8365 levels . This development leaves the pair targeting the 0.8290 levels where a breach will turn focus on the 0.8250 levels , further downside will aim the 0.8200 levels .

On the upside , resistance  comes at the 0.8365 levels , break of this level on a daily basis will open the 0.8400 levels , a halt is likely , but break of 0.8400 will reverse risks towards the 0.8450 levels ahead of the .8500 levels.

In all , as long as resistance 0.8365 holds on a daily closing basis , the EURGBP will remain based to the downside towards the 0.8290/0.8250 levels , break of 0.8365 will reverse risks towards the 0.8400 levels and possible higher towards the 0.8450 levels.

 

EURGBP Daily Forecast Mar 27 2014

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