(0,8640) EUR/GBP confirmed an important rebound and a strong closing also last night suggesting further upside potential. The move up is suggesting a possible break above the previous top at 0,8718 suggesting a target at 0,8867! The indicators of the daily chart are however still below the line while those of the s/t charts are mixed at the moment suggesting some consolidation/ correction. The important rally we had in the last few days did not produce divergences showing instead still a potential negative reversal situation suggesting a possible target at 0,8431. However the signals are not too strong as we would like!! In the coming hours we favour a retest of the 200 hours line at 0,8585!
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Future Trend Research