(0,8532) EUR/GBP confirmed a weak closing below the low of the previous session’s negative day reversal suggesting possible retest of the 0,8500 level!! Overall the cross is however still consolidating interior the positive outside day with 0,8595 – 0,8490 still the levels to follow in the coming hours/ session. Only a daily closing below 0,8490 will resume the decline for a move toward the 200 days line at 0,8214!! The indicators of the daily chart are now again below the line but those of the s/t ones are showing a mixed picture suggesting some consolidation. Possible a retest of the 200 hours line at 0,8549 before however turning again lower for a break below 0,8490!! We stay on the sideline but expect lower levels!!
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Future Trend Research