(0,8430) EUR/GBP confirmed a very weak closing last night, well below the support of the positive outside day at 0,8490, but it failed to confirm a break of the key level at 0,8411, that has been tested!! Only a daily closing below 0,8410 will confirm direct lower levels with the 200 days line at 0,8217 the possible attraction!! The indicators of the daily chart are still well negative as well as those of the s/t ones supporting further weakness. Possible rebounds should find resistance already at 0,8435 before the 0,8450/60 area. We expect further weakness suggesting a move toward 0,8371 if not even a 0,8350 undershooting where we cover half of the position!!
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Future Trend
