EURGBP Daily Forecast Oct 14 2014

The EURGBP continued its bullish momentum yesterday , printed support at the 0.7852 levels . This development leaves the pair targeting the 0.79750 levels , a halt is strongly suggested , but break of the 0.7975 will open .8030 next , further upside will aim the 0.8100 levels.

On the downside , support comes at the 0.7900 levels ahead of the 0.7852/0.7825 levels (main) , losing this level on a daily closing basis will turn outlook towards the 0.7765 levels , a cut will bring free fall towards the 0.7700 levels and possible lower towards the 0.7600 levels.

In all , as long as support 0.7825/0.7852 holds on a daily closing basis , outlook in EURGBP remains on the upside towards the 0.7975 levels , below 0.7825 will reverse risk towards the 0.7765 levels.


EURGBP Daily Forecast Oct 14 2014