(0,8730) EUR/GBP confirmed a strong closing on Friday forming a positive day reversal. The weekly closing was also strong, above the top of the previous week suggesting further strength. The indicators of the daily chart are however still below the line for now while those of the weekly one are positive but overbought and showing potential negative reversals!! The indicators of the s/t charts are positive this morning with bearish divergences also in the 4h chart supporting a positive tone. The European market had again a gap up considering a top on Friday at 0,8681. While above 0,8710 we expect further strength but in our view this cross is much too high!!
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Future Trend Research