(0,8545) EUR/GBP confirmed another weak closing suggesting further downside risk that should favour a 0,8500 undershooting!! The indicators of the daily chart are still well negative supporting lower level while those of the s/t ones are still showing a mixed picture suggesting further consolidation/ correction. Bullish divergences confirm a negative tone supporting further weakness. While below 0,8550, where we find this morning a s/t resistance line, we expect further weakness. We suggest waiting for a decent rebound to sell for a 0,8500 undershooting!!
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Future Trend Research