Initial outlook for this week is neutral

٢٩ نوفمبر ٢٠١٥

EUR/GBP stayed in tight range last week and outlook is unchanged. We stay cautious on strong support from 0.6935 to bring reversal. EUR/GBP might extend recent sideways pattern with another rising leg. Break above 0.7196 resistance will turn bias to the upside for 0.7492 to extend recent consolidation pattern.