(0,8146) EUR/GBP confirmed yesterday a session of consolidation forming a new inside day with 0,8165 – 0,8100 the levels to follow in the coming hours. A daily closing above 0,8165 will support a direct 0,8200 overshooting, move that could just be the start of a larger move up suggesting a test of the 0,8400 area. The indicators of the daily chart are still well positive and this morning also those of the s/t ones are all above the line supporting further strength. However, at the moment the move up failed to confirm a positive tone by forming divergences. Only a move below 0,8110 will postpone the move up favouring a deeper correction!! We wait for a buying opportunity.
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Future Trend Research