EURGBP Weekly Forecast Aug 25 2014

Outlook in EURGBP remains on the downside as long as resistance 0.8033 holds on a weekly closing basis , support comes at the 0.7873 levels , a clear break below this level will accelerate the bearish move towards the 0.7754 levels , further losses will aim the 0.7595 levels…

On the upside , resistance comes at the 0.8033 , a clear break above the 0.8033 levels will turn outlook neutral for retesting the 0.8150/0.8258 levels before the next fall , break of  the 0.8258 will bring strong recovery towards the 0.8400/0.8470 levels..

In all , as long as resistance 0.8033 holds on a weekly closing basis , outlook in EURGBP remains on the downside towards the 0.7873 levels ahead of the 0.7754 levels , above 0.8033 will reverse risk towards the 0.8150/0.8258 levels before the next fall…

 

 

EURGBP Weekly Forecast Aug 25 2014

 

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