(0,8360) EUR/GBP confirmed a negative closing but found good support above 0,8330 for now favouring a rebound. Only a daily closing tonight above 0,8368 will postpone further direct weakness!! The indicators of the daily chart are still well negative with bullish divergences confirming a negative tone. The indicators of the s/t charts are instead close to turn above the line supporting a higher retracement. Only an hourly closing above 0,8368 will postpone the decline suggesting a rally toward the 200 hours line, now found at 0,8400. The possible move up is a selling opportunity!! We expect however further weakness!
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Future Trend