(0,8450) EUR/GBP failed to extend further the decline confirming instead a corrective rebound. While above 0,8440 on an hourly closing we could still see further upside potential toward the 200 hours line, now found at 0,8502!! A monthly closing at the present level will be positive but not really showing upside potential!! The indicators of the daily chart are still well negative while those of the monthly one are just at the line. The indicators of the s/t charts are above the line this morning suggesting further upside potential. A possible extension of the rebound is still corrective and therefore a selling opportunity!! We stay on the sideline!
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