EUR/GBP Technical Analysis

(0,8568) EUR/GBP is confirming further consolidation interior the inside day with 0,8610 – 0,8525 still the levels to follow in the coming hours; only a daily closing below 0,8525 will resume the decline!! The indicators of the daily chart are however still well positive and this could favour higher levels while those of the s/t ones are mixed suggesting further consolidation/ correction. However bearish divergences in the hourly chart support a positive tone and this could cause further strength!! Only an hourly closing below 0,8535 will support lower levels suggesting a direct return below 0,8500, still our preferred scenery!!

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