EURGBP Forecast Feb 03-07

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Recommendations: SHORT positions below 0.8339 with 0.8233 & 0.8144 as next targets.

Alternative scenario: The upside breakout of 0.8339 will bring rebound to 0.8392/0.8460.

Description: Outlook in EURGBP is on the downside this week with risk towards 0.8233 ahead of 0.8144 levels as long as resistance 0.8339 holds on a daily closing basis, below 0.8144 would open 0.8048 next.On the upside break of  0.8339 would turn outlook neutral and bring rebound towards 0.8392 where a breach will turn the focus on the 0.8460 levels, further out will aim the  0.8566 levels.

Support & Resistance : 0.8048 , 0.8144 , 0.8214 , 0.8339 (Pivot) , 0.8392 , 0.8460 , 0.8566

 

EURGBP Forecast Feb 03-07

MARKET DATA

UPCOMING ECONOMIC EVENTS