(0,8498) EUR/GBP confirmed a positive closing last night before plunging again this morning, move that already confirmed a new s/t low. A daily closing below 0,8505 will support further weakness suggesting a drop toward 0,8440!! The indicators of the daily chart are still well negative supporting lower level and this morning also those of the s/t ones are below the line supporting further weakness. Bullish divergences now also in the 4h chart support a negative tone. The decline is confirming also a negative reversal suggesting a s/t target at 0,8362!! We suggest staying short.
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Future Trend Research