EURGBP Weekly Forecast Jun 09 2014

Outlook in EURGBP remains on the downside as long as resistance 0.8194 holds on a weekly closing basis , support comes at the 0.8132 ahead of 0.8063 levels , a break would challenge the 0.8000 levels , further downside will open 0.7900 levels ahead of the 0.7800 levels.

On the upside , main resistance comes at the 0.8194 levels , break of 0.8194 on a weekly closing basis , will turn outlook neutral for 0.8258 levels , a halt is likely , but sustained trading – weekly closing – above the 0.8258 levels will recapture the 0.8400 levels.

In all , as long as resistance 0.8194 holds on a weekly closing basis, outlook in EURGBP remains on the downside towards the 0.8063/0.8000 levels , break of 0.8194 will reverse risks towards the 0.8258/0.8315 levels before the next possible fall…..

 

EURGBP Weekly Forecast Jun 09 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS