(0,8650) EUR/GBP failed to confirm Monday’s negative day reversal forming instead a positive one; only a daily closing tonight above 0,8650 will however confirm higher levels!! The indicators of the daily chart are however still well negative while those of the s/t ones are mixed suggesting some consolidation /correction. The move up is finding good resistance around the 200 hours line at 0,8659 and while below this line we expect the decline to resume suggesting a break below 0,8575!! Only an hourly closing above 0,8675 will postpone further weakness favouring a new 0,8700 overshooting. We stay short because firmly expect lower levels.
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Future Trend Research