EURGBP Daily Forecast Nov 04 2014

Outlook in EURGBP remains on the downside  as long as support 0.7822/0.7872 holds on a daily closing basis ,support comes at the 0.7765 levels , a halt is likely , but a cut would open 0.7685 next , further downside  will call for a fall towards the 0.7600  levels.

On the upside , resistance comes at the 0.7822 levels ahead of the 0.7872 levels (main) , a clear break below 0.7872  will turn outlook neutral for retesting the 0.7945/0.8045 levels before the next fall.

In all , as long as resistance 0.7822/0.7872  holds on a daily closing basis , outlook in EURGBP remains on the downside towards the 0.7765  levels ahead of the 0.7685/0.7600  levels , above  0.7872  will turn outlook neutral for retesting the 0.7765/0.7685  levels before the next possible fall.

EURGBP Daily Forecast Nov 04 2014

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