EUR/GBP’s fall from 0.9299 resumed last week and hit as low as 0.8638. Initial bias stays on the downside this week for 161.8% projection of 0.9291 to 0.8861 from 0.9229 at 0.8533. We’ll look for bottoming signal around there. On the upside, break of 0.8790 resistance is needed to indicate short term bottoming. Otherwise, outlook
The post EUR/GBP Weekly Outlook appeared first on Action Forex.
EUR/GBP’s fall from 0.9299 resumed last week and hit as low as 0.8638. Initial bias stays on the downside this week for 161.8% projection of 0.9291 to 0.8861 from 0.9229 at 0.8533. We’ll look for bottoming signal around there. On the upside, break of 0.8790 resistance is needed to indicate short term bottoming. Otherwise, outlook […]
The post EUR/GBP Weekly Outlook appeared first on Action Forex.