(0,8430) EUR/GBP confirmed a further strong closing last night extending the move up toward 0,8430 and it is still well bid!! The indicators of the daily chart are still well positive but also still well overbought showing potential negative reversals; those of the s/t ones are also positive and overbought!! Still possible further strength but for the s/t we believe it went too far too fast and expect a firm correction with the 200 hours line at 0,8317 the attraction!! We have increased the position at 0,8430 bringing the average to 0,8404.
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Future Trend Research