EUR/GBP Technical Analysis

(0,8580) EUR/GBP formed on Friday a positive outside day with 0,8595 – 0,8490 the levels to follow in the coming hours/ session. Only a daily closing below 0,8490 will resume the decline for a move toward the 200 days line at 0,8207!! The weekly closing was strong, again above the top of the previous week!! The indicators of the daily chart turned again above the line and also those of the weekly one are in positive territory . the indicators of the s/t charts are also positive this morning suggesting further strength. While below 0,8595 on an hourly closing we favour this cross to return toward the 200 hours line, now found at 0,8552. We stay on the sideline!!

Click here to read the full report: EURGBP 04.22

 

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