(0,8467) EUR/GBP is confirming further consolidation interior the inside day with 0,8495 – 0,8395 still the levels to follow in the coming hours. Only a daily closing below 0,8395 will finally support further weakness!! The indicators of the daily chart are still negative but returned toward the line. Those of the s/t ones are instead mixed this morning supporting further consolidation. While below 0,8475 on an hourly closing we expect this cross to return toward the 200 hours line at 0,8445 form where we could see another test on the upside!! We sold the 0,8480 overshooting as suggested putting a stop at 0,8495. We take it back in case of a 0,8445 undershooting!!
Click here to read the full report: EURGBP 05.09
Future Trend