(0,8477) EUR/GBP confirmed further consolidation remaining interior the negative outside day with 0,8575 – 0,8445 still the levels to follow in the coming hours. A break of the support confirmed by a daily closing will suggest a direct drop toward our s/t target at 0,8362 and 0,8344!! The indicators of the daily chart are still well negative and this morning also those of the s/t ones are below the line suggesting further direct weakness. While below 0,8501 on an hourly closing we expect therefore further weakness and a possible drop below 0,8445!! A move above 0,8501 will instead favour a higher retracement with the 200 hours line at 0,8535 the possible attraction.
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Future Trend Research