(0,8493) EUR/GBP confirmed a weak daily closing but formed a negative week reversal as well as a negative month reversal supporting lower levels. We expect a test of the 200 days line at 0,8479 with a possible direct break of it supporting lower levels. The indicators of the daily and weekly charts are all well negative but those of the monthly one are still above the line for now but not sure for how long. The indicators of the s/t charts are also negative with fresh and clear bullish divergences confirming a negative tone. We expect further weakness toward 0,8477 in the s/t. possible rebounds toward 0,8520 area selling opportunities!!
Read the full report: EURGBP 09.02
Future Trend