EURGBP Daily Forecast Nov 10 2014

Outlook in EURGBP has turned neutral with risk to the downside , resistance comes at the 0.7872 levels, a failure to hold above the 0.7872  levels on a daily closing basis could mean a return to the 0.7797 levels where a cut will call for a fall towards the 0.7740 levels , further losses will aim the 0.7660 levels ahead of the 0.7570 levels.

On the upside , resistance comes at the 0.7872 levels , break of the 0.7872 levels on a daily closing basis , will put the pair in recovery mode , but recovery above the 0.7872 levels should be limited by the 0.7945/0.8045 levels where fall resumption is likely….

In all , as long as resistance 0.7872  holds on a daily closing basis , outlook in EURGBP  remains on the downside towards the 0.7797  levels ahead of the 0.7740  levels , above 0.7872  faces a recovery risk towards the 0.7945/0.8045  levels before the next fall.

 

EURGBP Daily Forecast Nov 10 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS