EURGBP Daily Forecast Oct 24 2014

The EURGBP continued its bearish momentum  , printed resistance at the 0.7925 levels .This development leaves the pair targeting the 0.7825 levels , a halt is likely , but losing the 0.7825 levels will turn focus on the 0.7760  levels , further downside will aim the 0.7700 levels.

On the upside , resistance comes at the 0.7925 levels , break of the 0.7925 levels on a daily closing basis , will turn outlook neutral towards the 0.8000/0.8045 levels before the next move.

In all , as long as resistance 0.7925 holds on a daily closing basis , outlook in EURGBP remains on the downside towards the 0.7825 levels ahead of the 0.7760 levels , above the 0.7925 levels  faces a recovery risk towards the 0.8000/0.8045 levels.


EURUSD Intraday Forecast Oct 24 _2015