(0,8430) EUR/GBP confirmed another strong closing last night above the top of the previous session definitely confirming a s/t bottom. Possible further strength but we still expect this move up to be corrective!! The indicators of the daily chart have turned above the line and those of the s/t charts are also positive suggesting further upside risk. However, overbought conditions in the hourly chart together with potential negative reversals are suggesting a limited upside potential form here. Because of the overbought conditions we sold some here at 0,8430 for a return toward the 200 hours line, now found at 0,8390!!
Read the full report: EURGBP 10.04
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