EUR/GBP Technical Analysis

(0,8544) EUR/GBP formed a negative day reversal after the test of the 0,8600 area remaining therefore still interior the inside day with 0,8600 – 0,8505 still the levels to follow in the coming hours; only a daily closing below 0,8505 will resume the decline!! The weekly closing was instead strong, above the tops of the previous few weeks and even above the 200 weeks line!! The indicators of the daily chart are still well positive as well as those of the weekly one. The indicators of the s/t charts are instead below the line this morning supporting further consolidation/ correction with the 200 hours line at 0,8497 the possible attraction. We favour lower levels, especially while below 0,87555 on an hourly closing!

Click here to read the full report: EURGBP 05.27

 

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