(0,8541) EUR/GBP confirmed a positive closing on Friday, but still below the neck line, before however plunging heavily this morning toward 0,8530. We expect further weakness toward a potential target at 0,8364!! The indicators of the daily chart are well negative but those of the weekly one remain well above the line and still showing a negative reversal situation!! The indicators of the s/t charts are of course negative this morning supporting further weakness. The drop confirmed also a negative reversal in the hourly hart suggesting a s/t target at 0,8532, level that it already confirmed!! We have an important gap down this morning of about 50 pips; if kept, therefore while below 0,8563, we expect further direct weakness suggesting a 0,8500 undershooting!!
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Future Trend Research