EURGBP Eyes Corrective Pullback Towards Its Key Support at 0.7163

14 December 2015, 06:35
FXTechstrategy Team
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EURGBP- With the cross capping its gains to close marginally higher the past week, EURGBP looks to correct lower towards its key support at 0.7163 level. Support comes in at 0.7170 level. Further down, support lies at the 0.7140 level where a violation will turn focus to the 0.7100 level. A break will expose the 0.7060 level. Its daily RSI has turned lower suggesting further weakness. On the upside, resistance lies at the 0.7260 level where a violation if seen will turn risk towards the 0.7300 level. On further upside, the 0.7340 level comes in as the next upside target followed by the 0.7380 level. All in all, EURGBP looks to correct lower towards key support at 0.7163 level

 


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