(0,8377) EUR/GBP confirmed further strength suggesting a direct 0,8400 overshooting where we expect however good resistance. The risk is however for a further direct extension toward the 0,8600 with the UK exporter very happy and not only!! The indicators of the daily chart are still well positive but start to be overbought and however still showing negative reversals. The indicators of the s/t charts are also positive and overbought. We start selling some EUR/GBP here at 8377 ready to increase the postion above0,8400 for a retest of the 0,8300 area!!
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Future Trend Research