(0,8146) EUR/GBP is still well bid after Friday’s strong closing. The weekly one was instead weak below the low of the previous one suggesting we may have a top in place; we suggest however waiting for further confirmations! The indicators of the daily chart are however still negative but those of the s/t ones are above the line this morning suggesting further upside potential. in fact the hourly chart is hosing bearish divergences confirming a positive tone. Since some hours the cross is also above the 200 hours line, now s/t support at 0,8143; while above this line we expect further strength probably toward 0,8180/ 0,8200 area. We stay on the sideline still waiting for higher levels to sell!!
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Future Trend Research