(0,8378) EUR/GBP confirmed on Friday another weak closing in the daily as well as in the weekly chart supporting further direct weakness. The drop already confirmed the s/t target at 0,8356 where it found also good support for now. 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 charts are also still below the line keeping the cross under pressure. In the s/t only an hourly closing above 0,8395 will postpone the decline supporting a rebound with the 200 hours line at 0,8421 the first attraction. We stay on the sideline while waiting for a decent rebound to sell!
Read the full report: EURGBP 09.16
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