EURGBP Weekly Forecast Apr 14 2014

No change , outlook in EURGBP remains  neutral with risk to the downside , support comes at the 0.8250 levels , sustained trading below this level would open the 0.8200 levels ,  a break would look for the 0.8157 levels , further downside will aim the 0.8100 levels ahead of the 0.8050 levels .

On the upside , resistance comes at the 0.8315 levels , a break would open the 0.8400 levels , a halt is likely , but sustained trading would open 0.8476 levels , further upside will aim the 0.8538/0.8584 levels.

In all , as long as  resistance 0.8400 holds , the EURGBP will remain under pressure with risk towards the 0.8200/0.8157 levels , break of 0.8400 will reverse risks towards the 0.8476/0.8538 levels…

 

EURGBP Weekly Forecast Apr 14 2014

 

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