(0,8570) EUR/GBP confirmed a 0,8600 overshooting, move however not confirmed by a daily closing confirming that something could be changing. Overall the cross is till interior the inside day with 0,8600 – 0,8505 still the levels to follow in the coming hours. Only a daily closing below 0,8505 will finally support a decent correction! The indicators of the daily chart are still well positive but also still well overbought and showing potential negative reversals; those of the s/t ones turned instead all negative supporting a possible correction. We expect for this cross a drop toward the support line at 0,8510 with even a possible extension toward the 200 hours line at 0,8488!! We stay short!
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Future Trend Research