(0,8593) EUR/GBP confirmed a strong closing on Friday and also the weekly one was positive while however remaining interior the previous week’s range. The indicators of the daily chart are however still in negative territory as well as those of the weekly one suggesting there is still downside potential. the indicators of the s/t charts are instead positive. Bearish divergences still support a positive tone. Possible therefore further strength toward 0,8610, where we find a s/t resistance line, with even a possible direct overshooting. The move up should however still be corrective! We stay on the sideline!
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