EURGBP Daily Forecast Sept 11 2014

Outlook in EURGBP has turned to the downside as long as resistance 0.8065 holds on a daily closing basis , next support comes at the 0.7900/0.7873 levels , a halt is likely , but losing the 0.7873 levels will continue losses towards the 0.7754 levels  ,further downside will aim the 0.7595 levels…

On the upside , resistance comes at the 0.7976 levels , sustained trading above this level will turn outlook neutral for retesting the 0.8035/0.8065 levels before the next fall , however ; to resume the upside offensive ,  0.8065 should be taken out on a daily closing closing basis , If seen , next resistance will be the 0.8150/0.8170 levels …….

In all , as long as resistance 0.8065   holds on a daily closing basis , outlook in EURGBP remains on the downside towards the 0.7900/0.7873 levels and possible lower towards the 0.7754 levels , above the  0.8065 levels will turn outlook  towards the 0.8150/0.8170 levels before the next move !!

 

 

EURGBP Daily Forecast Sept 11 2014

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