(0,8214) EUR/GBP confirmed another strong closing last night suggesting further possible strength toward 0,8300. Before moving higher the cross closed the small gap up the European market had. The indicators of the daily chart are still well positive but start to be overbought and showing potential negative reversals. The indicators of the s/t charts are instead still showing a mixed picture also this morning suggesting some consolidation. Fresh bearish divergences confirm however still a positive tone suggesting higher levels. Possible declines are therefore corrective and a buying opportunities especially close to 0,8200 support line before the 200 hours line, still found only at 0,8159. We still stay on the sideline waiting for a decent correction to buy.
Click here to read the full report: EURGBP 12.28
Future Trend Research