(0,8461) EUR/GBP confirmed another weak closing last night even below the 200 days line, now resistance at 0,8484. While below this line we expect further direct weakness toward the key support area at 0,8400. The indicators of the daily chart are all well negative while those of the s/t ones turned mixed suggesting some consolidation/ correction. Only an hourly closing above 0,8480 will however support higher levels suggesting a rally toward the 200 hours line, now found at 0,8549!! We wait for a possible decent rebound to sell!
Read the full report: EURGBP 09.04
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