(0,8146) EUR/GBP confirmed a positive closing and it is still well bid suggesting further upside potential. The indicators of the daily chart are however still below the line while those of the s/t ones are showing a mixed picture with however still some further upside potential. Only an hourly closing below 0,8140 will favour a deeper correction toward the 0,8120 area where we have a s/t support line. The s/t scenery is at the moment too mixed to suggest any position but overall while above the 200 hours line at 0,8135 we have to expect further strength probably toward the 0,8180/ 0,8200 area. We stay on the sideline.
Click here to read the full report: EURGBP 01.09
Future Trend Research