(0,8543) EUR/GBP confirmed a strong closing last night, but it failed yet to confirm a break above the resistance of the negative outside day at 0,8535. The indicators of the daily chart are still well negative for now but those of the weekly one still remain above the line. The indicators of the s/t charts are also positive showing however overbought conditions. However, the move up is now showing bearish divergences confirming a positive tone. In the s/t we could therefore see further strength probably already aborting our suggested s/t targets. We stay on the sideline.
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Future Trend Research