EUR/GBP confirmed on Friday a further session of consolidation interior the inside day with 0,8600 – 0,8505 still the levels to follow in the coming hours. Only a daily closing above 0,8600 will support a nice rebound with the 200 days line at 0,8742 the possible attraction!!
The indicators of the daily chart are still below the line but a daily closing above the resistance of the inside day will turn them up. Those of the weekly one remain negative. In the s/t charts we have instead positive indicators supporting further strength.
We expect higher levels and a break above 0,8600 will support the move up. We buy the possible break for a rally toward the 0,8680 resistance.
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FUTURE TREND RESEARCH