EURGBP Weekly Forecast Jul 07 2014

The EURGBP  continued its bearish momentum last week , printed resistance at the 0.8027  levels . This development leaves the pair targeting the 0.7785  levels , a halt is likely , but losing the 0.7785  levels  would open 0.7620  next , further downside will aim the 0.7435  levels….

On the upside , resistance at 0.7958  levels ahead of 0.8027  (main) , break of the 0.8027 will turn outlook neutral for the 0.8121 /0.8258 levels before the next possible fall…

In all , as long as resistance 0.8027  holds on a weekly closing basis , outlook in EURGBP  remains on the downside towards the 0.7785  levels , break of 0.8027  levels will reverse risks towards the 0.8121/0.8258  levels…

 

EURGBP Weekly Forecast Jul 07 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS