EURGBP Daily Forecast Sept 16 2014

A temporary top has been placed at the 0.8065 levels . As a result ; outlook in EURGBP has turned neutral and more sideways trading is suggested within 0.7891/0.8065 range …

On the downside ,  stability below the 0.7952 levels on a daily basis will build pressure on the 0.7891 levels , a halt is likely , but sustained trading below the 0.7891 levels will continue losses towards the 0.7845 levels , a cut will open 0.7785 next , further downside will turn focus on the 0.7717 levels…

On the upside , sustained trading above the 0.7952 levels could man a return to the 0.8065 levels , a halt is likely  , but a clear break above the 0.8065 levels will continue gains towards the 0.8115 levels , a break will turn focus on 0.8165 next , further upside will pave the way towards the 0.8240 levels…

In all , the EURGBP is likely to consolidate within 0.7891/0.8065 range before the next move , below the 0.7891 will aim the 0.7845/0.7785 levels , while above the 0.8065 will put 0.8115/0.8165 in sight ….

 

EURGBP Daily Forecast Sept 16 2014

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