(0,8570) EUR/GBP confirmed a weak closing below the low of the previous session suggesting further direct downside risk. The indicators of the daily chart are still well negative while those of the s/t ones are mixed suggesting further consolidation/ correction. The rebound we had since the low yesterday at 0,8531 failed yet to close completely the gap donw it formed at the opening of the week. We have therefore still 0,8593 – 0,8602; while below this area we expect a resumption of the decline suggesting a 0,8500 undershooting!!
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Future Trend Research