EURGBP Daily Forecast Nov 25 2014


Outlook in EURGBP is neutral with risk to the downside. Resistance comes at the 0.7954 levels. Stability below this level on a daily closing basis could mean a return to the 0.7880 levels where a cut will open 0.7835/0.7800 next, further losses will aim the 0.7765 levels.

On the upside, resistance comes at the 0.7954 levels, a break would open 0.8000 next, further upside will call for a run towards the 0.8038/0.8065 levels.

In all, as long as resistance 0.7954 holds on a daily closing, the outlook in EURGBP remains on the downside towards the 0.7880/0.7800 levels. above 0.7954 will reverse risk towards the 0.8000/0.8038 before the next possible fall…

EURGBP Daily Forecast Nov 25 2014




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