(0,8584) EUR/GBP confirmed further consolidation 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, like those of the weekly one. The indicators of the s/t charts are instead mixed suggesting some consolidation/ correction. We have still a potential S_H_S formation with the neck line at 0,8560; an hourly closing above 0,8607 will however postpone further consolidation re-launching the move up for a test of the 0,8630 area!! We stay on the sideline!
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Future Trend Research