(0,8697) EUR/GBP confirmed a strong closing while however still confirming further consolidation interior the inside with 0,8695 – 0,8570 still the levels to follow in the coming hours. Only a daily closing above 0,8695 will confirm higher levels. The indicators of the daily chart are however still below the line but those of the s/t ones are positive this morning showing however overbought conditions. While below 0,8700 we expect a return of this cross toward 0,8675 if not even 0,8650. We did not expect this new rally but still believe the upside is limited!!
Click here to read the full report: EURGBP 02.20
Future Trend Research