(0,8423) EUR/GBP confirmed a test below 0,8400 before however confirming a positive closing forming even a positive day reversal. Only a daily closing tonight above 0,,8437 will confirm a s/t bottom supporting a possible retest of the 200 days line, now resistance at 0,8489! The weekly closing was very weak! The indicators of the daily chart are still well negative as well as those of the weekly one supporting further weakness. The indicators of the s/t ones are instead positive this morning supporting a rebound. Only an hourly closing above 0,8437 will support higher levels with the 200 hours line at 0,8487 the possible attraction. We suggest waiting for a possible rebound to go short!
Read the full report: EURGBP 09.09
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