EURGBP Weekly Forecast Mar 24 2014

The EURGBP continued its bullish momentum last week , bottomed at the 0.8328 levels and topped at the 0.8400 levels . As a result ; Outlook in EURGBP remains on the upside this week , support comes at the 0.8328 levels , stability above this level will keep pushing towards the 0.8400 levels , break of 0.8400 will resume the bullish trend and open 0.8430 levels ahead of the 0.8470 levels , further upside will aim the 0.8500 levels ahead of the 0.8550 levels.

On the downside , support comes at the 0.8328 levels ahead of the 0.8289 (main) .sustained trading – weekly closing – below the 0.8289 will confirm short term topping and turn outlook neutral for retesting the 0.8200/0.8157 levels before the next possible rise.

In all , as long as support 0.8289/0.8328 holds on a weekly basis , the EURGBP will remain based to the upside towards the 0.8470 levels , below 0.8289 will reverse risks towards the 0.8200 /0.8157 levels.

 

EURGBP Weekly Forecast Mar 24 2014

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