(0,8480) EUR/GBP confirmed another very weak closing on Friday and also the weekly one was weak, well below the previous week’s low suggesting further downside pressure. A possible closing next Friday below 0,8446 will confirm a top suggesting a return even toward 0,8200!! The indicators of the daily chart are now well negative but those of the weekly one are still well above the line for now. The indicators of the s/t charts are mixed suggesting some consolidation/ correction. Bullish divergences in the hourly chart confirm a negative tone supporting further weakness!! We see resistance at 0,8490 before the 0,8520 area while the 200 hours line is found only at 0,8591!! We expect further weakness suggesting a 0,8400 undershooting!!
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Future Trend Research