EUR/GBP formed yesterday a positive day reversal after having found good support at 0,8520. Only a daily closing tonight above 0,8591 will confirm a s/t bottom supporting a little higher levels. The monthly closing was negative but still interior the previous months range.
The indicators of the daily are now turning above the line while those of the monthly chart are still in negative territory. The indicators of the s/t charts turned also positive supporting further upside potential. An hourly closing above the 200 hours line at 0,8592 will favour an extension of the correction toward 0,8620 if not even a little higher. This move up is selling opportunity!!
We remain on the sideline waiting for stronger signals!
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