EURGBP Daily Forecast Sept 03 2014

Outlook in EURGBP has turned neutral at the moment as long as support 0.7873 holds on a daily closing basis , resistance comes at the 0.8035 levels , a halt is likely , but a  clear break above the 0.8035 levels will turn outlook bullish towards the 0.8085 levels where a breach will turn focus on the 0.8150/0.8170 levels….

On the downside , a failure to take out the 0.8035 levels could mean a return to the 0.8773 levels , losing this level on a daily closing basis will continue losses towards the  the 0.7754 levels , further losses will aim the 0.7595 levels…

In all , the EURGBP is likely to consolidate  within 0.7873/0.8035 levels before the next move …

 

EURGBP Daily Forecast Sept 03 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS