EURGBP Weekly Forecast Mar 17 2014

The EURGBP maintained a bullish momentum last week , printed support at the 0.8289 levels . This development leaves the pair targeting the 0.8440 levels , a halt is likely , but break of the 0.8440 levels will turn focus on the 0.8520 levels , further out will aim the 0.8600 levels.

On the downside , support comes at the 0.8289 levels , sustained trading – weekly closing – below this level will turn outlook neutral and open the 0.8203 levels ahead of the 0.8157 levels , before the next rise , losing the 0.8157 levels will extend losses towards the  0.8000 levels.

In all , as long as support 0.8289 holds on a weekly basis , the EURGBP will remain based to the upside towards the 0.8440 levels ahead of the 0.8520 levels , losing the 0.8289 levels will reverse risks towards the 0.8203/0.8157 levels before the next possible rise.


EURGBP Weekly Forecast Mar 17 2014