(0,8130) EUR/GBP confirmed last night already a 0,8150 overshooting after the strong daily and weekly closing on Friday. The indicators of the daily chart are still well positive as well as those of the weekly one supporting higher levels; only a daily closing above 0,8166 will however confirm higher levels. The indicators of the s/t charts are mixed this morning suggesting some consolidation/ correction. Possible a 0,8120 undershooting with the 200 hours line at 0,8090 the attraction. This possible decline is corrective and a buying opportunity for a retest of last night’s top above 0,8150. We sold as suggested the 0,8145 overshooting; we move already the stop to 0,8158. We buy a 0,8120 undershooting. We go long in case of a 0,8110 undershooting!!
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Future Trend Research