(0,8055) EUR/GBP confirmed another weak closing on Friday suggesting the cross has a top. The closing was just above the 200 days line but not sure we will remain above this line for longer especially because the weekly closing was also negative forming even a negative outside week!! The indicators of the daily chart are now well negative but those of the weekly one remain still above the line.. the indicators of the s/t charts are mixed this morning. In the hourly chart we have however bullish divergences confirming a negative tone and supporting lower levels!! Possible rebounds are therefore corrective. We suggest selling a 0,8070 overshooting for a drop toward 0,8025!!
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Future Trend Research