(0,8630) EUR/GBP confirmed further consolidation interior the inside day with 0,8595 – 0,8695 still the levels to follow in the coming hours. Only a daily closing below 0,8595 will support a resumption of the decline; we had a test of the support with a small undershooting, move however not confirmed on closing!! The indicators of the daily chart are still well negative while those of the s/t ones are showing a mixed picture suggesting further consolidation/ correction. While below the 200 hours line at 0,8649 we expect this cross to eventually break on the downside, scenery suggested by potential negative reversals in the hourly chart. However the signals are again not too strong We stay short and confident.
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Future Trend Research