EURGBP: Maintains Below Key Support.

[FXTechstrategy Team 10]

USDCAD: Retains Its Upside Tone.

 

USDCAD: With USDCAD maintaining its upside tone and holding firmly above the 0.9885 level, further price extension cannot be ruled. This leaves the possibility of a return to the 1.0000/83 levels on the cards. Its weekly RSI is bullish and pointing higher suggesting further upside. On the downside, support comes in at the 0.9885 level where a reversal of roles as support is likely to occur and turn the pair higher. However, if this fails, further declines should build up towards the 0.9692/31 levels. A breach of here will call for more declines towards the 0.9500 level. All in all, USDCAD remains biased to the upside above the 0.9883 level.

 

[FXTechstrategy Team 10]

EURGBP- With the cross vulnerable as it now holds below its broken support, further downside is likely. It requires a continued hold below there to create scope for a move lower possibly towards the 0.7890 level. A cap is likely to occur and turn it higher but if violated expect further downside to occur towards Its daily is bearish and pointing lower supporting this view. On the upside, the cross will to return above the 0.8029 level you its here could see the cross extend its upside towards present downside pressure and set the stage for a the 0.8163 level where a break will aim at the 0.8200 level. All in all, the cross remains biased to the downside on further bear threats.

 

[FXTechstrategy Team 10]

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[FXTechstrategy Team 10]

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[tamag 10]

EURGBP- With the cross vulnerable as it now holds below its broken support, further downside is likely. It requires a continued hold below there to create scope for a move lower possibly towards the 0.7890 level. A cap is likely to occur and turn it higher but if violated expect further downside to occur towards Its daily is bearish and pointing lower supporting this view. On the upside, the cross will to return above the 0.8029 level you its here could see the cross extend its upside towards present downside pressure and set the stage for a the 0.8163 level where a break will aim at the 0.8200 level. All in all, the cross remains biased to the downside on further bear threats.

 

 

....very interesting, but only see price heading for the latter part of your analysis my target is 0.8200 and feel 7960 is new support.