EURGBP Weekly Forecast Jun 30 2014

Outlook in EURGBP remains on the downside this week towards the 0.7855 levels as long as resistance 0.8063 /0.8121 holds on a weekly basis , 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 comes at the 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 30 2014

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