(0,8535) EUR/GBP confirmed a further strong closing last night above the top of the previous session. We could see further strength but still expect the move up to be corrective!! The indicators of the daily chart are still negative while those of the s/t ones are mixed suggesting further consolidation/ correction. While below 0,8555 we expect the pair to return toward the 200 hours line, now found at 0,8480. This expected drop should be followed by a new test on the upside before however eventually resuming the decline for a return toward 0,8400!! We stay on the sideline waiting for stronger signals.
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Future Trend Research