EURGBP Weekly Forecast Aug 11 2014

Outlook in EURGBP has turned neutral , resistance comes at the 0.7985  levels , sustained trading above this level will recapture the 0.8060/0.8121  levels , a halt is  likely but further upside will aim the 0.8195 levels, more gains will pave the way towards the 0.8258  levels..

On the downside , a failure to take out the 0.7985  levels , could mean a return to the 0.7873  levels , losing this level will resume the bearish move towards the 0.7800 levels , further losses will aim the  0.7700  levels…….

In all , weekly outlook in EURGBP remains neutral with risk to the downside within 0.7873 / 0.8121  range ………above the 0.8121  levels will aim the 0.8195/ 0.8258  levels , while below the 0.7873  levels will pave the way towards the 0.7800/0.7700  levels ……..

 

EURGBP Weekly Forecast Aug 11 2014

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