(0,8315) EUR/GBP is confirming further consolidation interior the inside day with 0,8400 – 0,8270 still the levels to follow in the coming hours. It tried yesterday to break the support but the closing suggests it was a false break. The indicators of the daily chart are therefore positive but those of the s/t charts remain mixed supporting further consolidation/ correction. Bullish divergences in the hourly chart still support a negative tone. In the s/t only an hourly closing above 0,8340 will postpone further weakness supporting a rebound. We remain on the side line while waiting for stronger signals. We favour however higher levels!!
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FUTURE TREND RESEARCH