EUR/GBP broke the support of the inside day confirming a weak closing in the daily chart while the monthly one was mixed however well of the highs of the month!!
The indicators of the daily chart turned negative on this drop and also those of the monthly one are still negative supporting further weakness. The indicators of the s/t charts are of course also negative showing well oversold conditions in the hourly chart but it failed yet to confirm a rebound. Possible therefore a direct extension of the decline.
In the daily chart the cross could have confirmed a negative reversal suggesting a target at 0,8483!! We wait to see how this cross will unfold in the coming hours.
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FUTURE TREND RESEARCH