(0,8204) EUR/GBP confirmed a strong closing last night after the strong weekly closing on Friday last week. We have to expect further strength toward 0,8300. This move up is corrective based on the daily/ weekly charts where we have already potential negative reversals!! Since Monday the European market has a small gap up. The indicators of the daily chart are still well positive as well as those of the weekly one. The indicators of the s/t charts are mixed this morning suggesting some consolidation. We expect resistance at 0,8230 before the strong 0,8280/ 0,8300 resistance area. We stay on the sideline waiting for a decent correction to buy.
Click here to read the full report: EURGBP 12.27
Future Trend Research