(0,8388) EUR/GBP confirmed a positive closing while however still remaining below 0,8400 suggesting further downside risk. Before moving lower we may see a correction, even toward the 0,8500 area where we find today the 200 days line, but this possible move up will be followed by new and important weakness! The indicators of the daily chart are still well negative but those of the s/t ones have returned above the line for now suggesting a possible correction. However still only an hourly closing above 0,8395 will postpone the decline supporting a rebound with the 200 hours line at 0,8413 the first attraction. We stay on the sideline while waiting for a decent rebound to sell!
Read the full report: EURGBP 09.17
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