Daily Forecast - 17 December 2015
EURGBP Spot
EURGBP same levels apply for today & must must beat 7265/70 for another selling opportunity at 7295/99. We can keep doing this trade until it fails, so shorts need stops above 7310. A break higher is a buy signal & targets 7329/30, perhaps as far as 7356/60. If we continue higher look for 7373.
Failure to beat 7265/70 targets first support at 7235/30 then better support at 7205/00 which remains the most important of the week. Again longs need stops below 7190. A break lower is a sell signal & targets minor support at 7178/75. This could hold the downside initially but further losses target 7143/40.
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