(0.8711) EUR/GBP formed on Friday a negative day reversal after a 0,8740 overshooting; only a daily closing tonight below 0,8676 will however confirm a s/t top supporting lower levels!! The weekly closing was positive while remaining still interior the negative outside week with 0,8830 – 0,8565 the levels!! The indicators of the daily chart are still well negative but those of the weekly one remain positive and overbought!! The indicators of the s/t charts are mixed this morning suggesting further consolidation/ correction. We still prefer staying on the sideline waiting for further confirmations; we have still a negative reversal situation that has been disturbed however by Friday’s bearish divergences in the hourly chart!!
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Future Trend Research