EURGBP Daily Forecast Oct 20 2014

Outlook in EURGBP has turned to the downside as long as resistance 0.7960 holds on a daily closing basis, support comes at the 0.7845/0.7825 levels , a halt is likely , but losing this level on a daily closing basis will pave the way towards the 0.7765 levels.

On the upside , resistance comes at the 0.7960 levels , break of the 0.7960 levels on a daily closing basis , will turn outlook neutral towards the 0.8045 levels before the next fall.

In all , as long as resistance 0.7960 holds on a daily closing basis , outlook in EURGBP remains on the downside towards theĀ 0.7845/0.7825 levels ahead of the 0.7765 levels , above the 0.7960 levels will reverse risk towards the 0.8045 levels before the next possible fall.

 

EURGBP Daily Forecast Oct 20 2014

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