EURGBP Weekly Forecast Jun 16 2014

The EURGBP  continued its bearish momentum last week , printed resistance at the 0.8121  levels . This development leaves the pair targeting the 0.7855  levels , a halt is likely , but losing the 0.7855  levels on a weekly basis would open 0.7700  next , further downside will aim the 0.7545  levels….

On the upside , resistance at 0.8063  levels ahead of 0.8121 (main) , break of the 0.8121 will turn outlook neutral for the 0.8258 levels , a halt could be seen, but break of the 0.8258  levels will recapture the 0.8400  levels…

In all , as long as resistance 0.8121  holds on a weekly closing basis , outlook in EURGBP  remains on the downside towards the 0.7855  levels and possible lower towards the 0.7700  levels , break of 0.8121  levels will reverse risks towards the 0.8258  levels and possible higher towards the 0.8400  levels….

 

EURGBP Weekly Forecast Jun 16 2016

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