(0,8650) EUR/GBP confirmed a strong closing yesterday remaining however below the 38,2 Fibonacci retracement level of Monday’s drop; still possible a 0,8700 overshooting before however turning lower. The indicators of the daily chart are however still well negative and this morning also those of the s/t ones are below the line suggesting further pressure. Only an hourly closing below 0,8575 will however confirm lower levels. A move above 0,8682 on an hourly closing will postpone the decline suggesting a 0,8700 overshooting!! We stay short because we firmly expect this cross at sensible lower levels.
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Future Trend Research