Daily Forecast - 14 December 2015

EURGBP Spot

EURGBP

EURGBP is overbought & good support at 7205/00 remains is the most important of the day. A break below 7200 today targets good support at 7178/75. This could hold the downside but longs need stops below 7160. A break lower targets 7143/40.

Holding good support at 7205/00 is positive of course & above 7215 allows a recovery to 7240. Above here is more positive & re-targets last week's high at 7275/80. On a break higher this week look for strong resistance at 7295/99 & a selling opportunity. Shorts need stops above 7310. A break higher targets 7329/30.

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