EUR/GBP is still consolidating interior the negative outside day with 0,8630 – 0,8500 still the levels to follow in the coming hours. Only a break below the support confirmed by a daily closing will cause lower levels suggesting an extension of the drop toward the 0,8400 area!!
The indicators of the daily chart are still well negative and this morning also those of the s/t ones are below the line supporting further weakness. In the s/t only a move above 0,8550 will postpone the decline favouring a rebound toward the 200 hours line at 0,8566 if not even a little higher.
We wait for a decent rebound to go short!!
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