(0,8730) EUR/GBP formed again a small negative day reversal after the retest of the 0,8800 area; only a daily closing below 0,8719 will however confirm a s/t top re-launching the correction!! The indicators of the daily chart are still below the line and this morning also those of the s/t ones are turning into negative territory supporting further consolidation/ correction!! While below 0,8750 we expect an extension of the decline toward the 200 hours line, now the attraction at 0,8681. The cross could be forming a S_H_S formation with the neck line at 0,8640!! We stay on the sideline.
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Future Trend Research