(0,8134) EUR/GBP managed to confirm a positive closing but it failed to confirm the break above the resistance of the inside day at 0,8165 by a daily closing! The indicators of the daily chart are however still well positive but those of the s/t ones turned all below the line this morning suggesting further consolidation/ correction. While below 0,8140 on an hourly closing we favour an extension of the retracement toward the 200 hours line, now found at 0,8106. This possible decline is corrective but we suggest waiting for a possible undershooting of the 0,8100 level before trying a long position!!
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Future Trend Research