EURGBP Weekly Forecast Jul 28 2014

Outlook in EURGBP remains on the downside as long as resistance 0.7958/0.8027 holds on a weekly closing basis , support comes at the 0.7888 levels , sustained trading below this level would open 0.7785 next , further downside will aim the 0.7600 levels..

On the upside , resistance comes at 0.7958  levels ahead of 0.8027  (main) , break of the 0.8027 levels  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 28 2014

 

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