(0,8528) EUR/GBP formed a negative day reversal but only a daily closing below 0,8518 will support further weakness, probably resume the decline. The indicators of the daily chart are still negative while those of the s/t ones are still showing a mixed picture suggesting further consolidation/ correction. While below 0,8560 on an hourly closing we expect the cross to return toward the 200 hours line, now found at 0,8493. 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