(0,8537) EUR/GBP formed on Friday a positive day reversal but only a daily closing above 0,8546 will confirm a s7t bottom supporting a larger rebound. The weekly closing was instead weak, well below the lows of the previous few weeks!! The indicators of the daily chart are still well negative but those of the weekly one remain well above the line for now. The indicators of the s/t charts are also positive this morning suggesting further upside potential with the 200 hours line at 0,8575 now the attraction. This move up is corrective and a selling opportunity!!
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Future Trend Research