EURGBP Daily Forecast Sept 24 2014

Outlook in EURGBP remains on the downside as long as resistance 0.7880 holds on a daily closing basis  , support comes at the 0.7780 levels  , a halt is likely , but losing the 0.7780  levels will continue losses towards the 0.7700 levels , further downside will aim the 0.7620 levels..

On the upside , resistance comes at the 0.7880 levels , sustained trading – daily closing – above the 0.7880 levels will put the pair in recovery mode , but upside move above the 0.7780  levels should be limited strongly by the 0.7970/0.8032 levels.

In all , as long as resistance 0.7880  holds on a daily closing basis , outlook in EURGBP remains on the downside towards the 0.7780/0.7700 levels , a clear break above the 0.7880  levels will bring recovery towards  the  0.7970/0.8032 levels before the next fall..

 

EURGBP Daily Forecast Sept 24 2014

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