(0,8627) EUR/GBP confirmed another weak closing again well below the low of the previous session suggesting this cross formed a s/t top. The closing confirmed also the suggested S_H_S formation suggesting now a potential target at 0,8364!! The indicators of the daily chart are still well negative and also those of the s/t ones are below the line supporting further weakness. Bullish divergences in the hourly chart confirm a negative tone. Possible rebounds should be limited at 0,8655 by the neck line before the 200 hours line at 0,8685. We stay on the sideline but expect further weakness. We suggest selling a 0,8680 overshooting!!
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Future Trend Research