EUR/GBP Technical Analysis

(0,8615) EUR/GBP confirmed a weak closing below the low of the previous session suggesting a possible change. The monthly closing was instead still positive but not strong!! The indicators of the daily chart are still well negative but those of the monthly one closed above the line for now, showing a mixed picture. The indicators of the s/t charts are negative this morning suggesting further consolidation/ correction. However, only an hourly closing below 0,8575 will confirm lower levels. A move above 0,8682 on an hourly closing will postpone the decline suggesting a 0,8700 overshooting!! We stay short and confident.

Click here to read the full report: EURGBP 03.01

 

Future Trend Research