EUR/GBP confirmed a weak closing below the lows of the last few session confirming also a break of the support of the inside day. We have to expect further weakness suggesting a possible retest of November’s low at 0,8485.
The indicators of the daily are well negative and this morning also those of the s/t ones are below the line supporting further weakness.
Only an hourly closing above 0,8555 will postpone the decline favouring higher levels with the 200 hours line at 0,8593 the possible attraction. Having formed bullish divergences on the way down the move up will be corrective and a selling opportunity but for now just close to the 200 hours line.
We remain on the sideline waiting for stronger signals!
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