(0,8530) EUR/GBP confirmed on Friday a session of consolidation forming a new inside day with 0,8580 – 0,8495 the levels to follow in the coming hours. A break of the support confirmed by a daily closing will support a retest of the 200 days line at 0,8455. The weekly closing was again weak confirming therefore a top for this cross at 0,8772 suggesting a possible retest of the 0,8400 support area in the coming days! The indicators of the daily chart are still well negative as well as those of the weekly one supporting lower levels. The indicators of the s/t charts are instead mixed suggesting some consolidation/ correction. Bullish divergences confirm a negative tone. In the s/t only an hourly closing above 0,8560 will postpone the decline supporting a rebound with the 200 hours line at 0,8578 the first attraction. We stay on the sideline!
Read the full report: EURGBP 08.19
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