(0,8562) EUR/GBP confirmed another strong closing overshooting already the target of the reversed S_H_S it formed in 2012. Next resistance is the resistance line at 0,8630 where we expect good supply. This cross is too high and went up too fast. The slope of the move up is very steep and not sustainable but if you wish, buy it!! In 3 weeks it went from 0,8085 toward 0,8600 on no new information!! The indicators of the daily chart are still well positive but also still well overbought and showing potential negative reversals; those of the s/t ones are mixed at the moment suggesting some consolidation. While above 0,8560 on an hourly closing we have to expect a 0,8600 overshooting! We stay short; just one thing we are sure, ones this cross will start to come down we will very fast be in profit!
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Future Trend Research