EURGBP Daily Forecast Oct 13 2013

Outlook in EURGBP remains neutral at the moment , support comes at the 0.7825 levels , while resistance comes at the 0.7900 levels.

On the upside , break of the 0.7900 levels on a daily closing basis will bring recovery towards the 0.7970 levels , further upside will aim the 0.8000/0.8065 levels before the next fall.

On the downside , support comes at the 0.7825 levels , losing this level on a daily closing basis , will open 0.7765 levels , further losses will aim the 0.7700 levels a head of the 0.7595 levels.

In all , the EURGBP is likely to consolidate within 0.7825/0.7900 range before the next move , below 0.7825 will resume the bearish move towards the 0.0.7765/0.7700 levels , above 0.7900 levels will bring limited gains below 0.8065 levels.

 

EURGBP Daily Forecast Oct 13 2013

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