EUR/GBPSpot Daily Forecast – 11 November 2014

EUR/GBPSpot Daily Forecast - 11 November 2014
EUR/GBPSpot Daily Forecast - 11 November 2014
EURGBP sideways through November so far, as we range trade to allow oversold conditions to unwind. Immediate resistance in the 7855/65 area is the key to this week’s direction. Only above here is more positive & opens the door to a test of resistance at 7885/90. A good chance of a high for the day here but shorts need stops above 7903. Be ready to go with a break higher using 7890 as support for a move towards strong resistance at 7917/20 & an excellent selling opportunity this week.

Immediate support at 7830/25 but below here could see the pair head for the lower end of the recent range at 7805/7795. Try longs as we look for a bounce from here, with stops below 7785.

Written by: http://www.daytradeideas.com

Eurgbp 2Eurgbp 3 

Leave a Reply

Your email address will not be published. Required fields are marked *