(0,8444) EUR/GBP confirmed on Friday another strong closing after a test of the support of the 200 days channel. Further s/t upside potential is possible for this cross but the move up should still be corrective. The weekly closing was positive forming a positive week reversal! The indicators of the daily chart are however still negative as well as those of the weekly one supporting further downside risk. The indicators of the s/t charts are mixed this morning but bearish divergences in the hourly chart confirm a positive tone. A possible decline should therefore be corrective in the s/t, especially close to the 200 hours line, now found at 0,8406!!
Read the full report: EURGBP 09.23
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