EUR/GBP Technical Analysis

(0,8305) EUR/GBP confirmed yesterday further consolidation interior the inside day with 0,8400 – 0,8270 still the levels to follow in the coming hours. The closing was however small positive. The indicators of the daily chart are also still positive but those of the s/t charts remain mixed supporting further consolidation. Bullish divergences in the hourly chart confirm a negative tone. In the s/t only an hourly closing above 0,8335 will support higher levels move that we still expect to be corrective unless a clear break above 0,8410 will be achieved We remain on the side line while waiting for stronger signals.
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Click here to read the full report: EURGBP 2012-02-03

 

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