EURGBP: Remains On The Offensive

Posted by on Sep 14, 2012

EURGBP: Remains On The Offensive. EURGBP- With EURGBP holding firmly above the 0.8000/09 levels, further upside offensive is expected. As long as it holds above the 0.7953/28 levels, further upside gains are likely. We expect a back off lower at the 0.8000/09 levels but if broken, further upside pressure should build up towards the 0.8154 level. Its daily RSI is bullish and pointing higher supporting this view. On the downside, a continued bear threats could see the cross face downside
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