(0,8070) EUR/GBP confirmed a strong closing after a test of the 0,8080 level but it failed yet to confirm an overshooting. While above 0,8060 we could still see a move toward the 200 hours line, now found at 0,8091. The indicators of the daily chart are however still well negative but those of the s/t ones are more or less positive supporting further strength. The move up already started again to form divergences in the hourly chart suggesting a possible change of the tone. We prefer however waiting for further confirmations before calling for higher levels. For this reason we avoid to sell this cross at the moment.
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Future Trend Research