(0,8748) EUR/GBP confirmed a strong closing last night aborting therefore Friday’s negative day reversal suggesting further strength. The indicators of the daily chart are still below the line but those of the s/t ones are well positive supporting further s/t strength. Bearish divergences now also in the 4h chart support a positive tone. Possible therefore further strength suggesting a retest of the 0,8800 area. Before extending the move up we favour however a new correction with the 200 hours line at 0,8666 now the attraction. We still prefer staying on the sideline waiting for further confirmations!!
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Future Trend Research