Thursday, April 16, 2015

EUR/GBP Daily Outlook

As noted before, EUR/GBP's recovery from 0.7013 is possibly completed. Intraday bias remains on the downside for retesting 0.7013 first. Break will resume larger down trend and should target long term fibonacci level at 0.6652. In any case, outlook will stay bearish as long as 0.7403 resistance holds.



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