EURGBP Weekly Forecast Sept 15 2014

Outlook in EURGBP has turned neutral , more sideways move is likely this week , support comes at the  0.7873 levels , to resume the downside offensive , losing this level is needed , If seen , next support will be the 0.7785 levels , a halt is likely , but further losses will pave the way towards the 0.7620/0.7430 levels…

On the upside , stability above the 0.7873 levels could push the pair higher towards the 0.8160 levels , a halt is likely , but a break would open the 0.8247 levels before the next fall…….

In all , large consolidation moves are likely above the key support 0.7873 , but upside move above the 0.7873 levels should be limited strongly by the 0.8160/0.8247 levels…

 

EURGBP Weekly Forecast Sept 15 2014

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UPCOMING ECONOMIC EVENTS