(0,8574) EUR/GBP confirmed the expected 0,8650 overshooting where it found however good resistance managing a direct return below 0,86 forming a negative outside day. We have now 0,8665 – 0,8560 the levels to follow in the coming hours. The indicators of the daily chart returned already negative and also those of the s/t ones plunged into the negative territory suggesting further consolidation/ correction. While below 0,8600 we favour an extension of the decline below the 200 hours line at 0,8571 for a move toward 0,8530!! We stay on the sideline!
Read the full report:EURGBP 08.29
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