(0,8392) EUR/GBP confirmed already a 0,8400 overshooting after Friday’s strong closing. We expect good resistance above this level favouring a correction. The indicators of the daily chart are still well positive but show overbought conditions and potential negative reversals; those of the weekly one are also positive and overbought. The indicators of the s/t charts are mixed this morning suggesting some consolidation/ correction. We stay short waiting for a possible 0,8420 overshooting to increase the position for a drop toward the 200 hours line, still found at 0,8286!!
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Future Trend Research