(0,8413) EUR/GBP confirmed a negative closing on Friday that it failed to confirm a break below 0,8411, a key level. The weekly closing was weak supporting lower levels!! But also here only a weekly closing below 0,8411 will confirm lower levels with still the 200 days line at 0,8223 the attraction!! The indicators of the daily chart are still well negative while those of the weekly one are at the line. The indicators of the s/t charts are mixed with bullish divergences in the hourly chart supporting a negative tone. Possible rebounds are corrective and new selling opportunities!! In the s/t only an hourly closing above 0,8440 will postpone the decline favouring a higher retracement with the 200 hours line at 0,8516 the attraction!! We expect further weakness suggesting a move toward 0,8371 if not even a 0,8350 undershooting where we cover half of the position!!
Click here to read the full report: EURGBP 04.29
Future Trend