EURGBP Weekly Forecast Apr 21 2014

Outlook in EURGBP turns to the downside as long as resistance 0.8283 holds on a weekly basis , below 0.8214 will turn focus on the 0.8157 levels , a halt is likely , but a break would open 0.8100 next , further downside will aim the 0.8000 levels.

On the upside , resistance comes at the 0.8283 levels , stability below this level will keep the pair under pressure , however ; sustained trading above the 0.8283 will turn outlook neutral and open 0.8350/0.8400 levels before the next possible fall..

In all , as long as resistance 0.8283 holds , outlook in EURGBP remains on the downside towards 0.8157/0.8100 levels , break of 0.8283 will reverse risks towards 0.8350/0.8400 levels .

 

EURGBP Weekly Forecast Apr 21 2014

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