(0,8440) EUR/GBP is consolidating since last week interior an inside day with 0,8490 – 0,8405 the levels to follow in the coming hours. The weekly closing was weak as well as the monthly one suggesting further downside risk. The indicators of the daily chart are still well negative but those of the weekly one are still above the line; the monthly closing was instead below the line!! The indicators of the s/t charts are positive this morning suggesting some consolidation/ correction. An hourly closing above 0,8450 will support an extension of the correction suggesting a test of the 200 hours line at 0,8471. The possible move up will be corrective and therefore a selling opportunity for a drop toward our target at 0,8362!!
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Future Trend Research