(0,8143) EUR/GBP formed a positive outside day but it failed to extend much higher its move up, at least for now! We have now 0,8175 – 0,8120 the levels to follow in the coming hours. The indicators of the daily chart are however still below the line also this morning while those of the s/t ones are also still showing a mixed picture suggesting further consolidation/ correction. In the s/t we could therefore see a pull back toward the 200 hours line, now found at 0,8131! A possible break also below the line, will support a deeper correction because it will confirm a double top at 0,8165 suggesting a return toward 0,8110. The s/t scenery is still too mixed to suggest a position; anyhow today we are less positive.
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Future Trend Research