(0,8414) EUR/GBP confirmed a further weak closing last night just above the 0,8400 level!! A break below of it will confirm a double top formation suggesting a drop toward 0,8000!!!! The indicators of the daily chart are still well negative as well as those of the s/t ones supporting further weakness. Fresh bullish divergences confirm a negative tone. The cross should further extend this decline toward a s/t target at 0,8356!! Only a move above 0,8460 confirmed by an hourly closing will postpone the decline suggesting a rally, corrective one, toward the 200 hours line, now found at 0,8512!!!
Read the full report: EURGBP 09.06
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