(0,8472) EUR/GBP formed last night a negative day reversal after a quick test just below the 0,8500 level. A daily closing tonight below 0,8459 will confirm a s/t top favouring the resumption of the decline suggesting a direct 0,8400 undershooting!! The monthly closing was positive but anyhow near the lows on the month!! The indicators of the daily chart are still well negative while those of the monthly one are still just above the line. The indicators of the s/t charts are mixed this morning suggesting some consolidation/ correction. The move up failed to form clear bearish divergences but we have a potential negative reversal suggesting a s/t target at 0,8382. An hourly closing below 0,8459 will resume the decline!! We stay on the sideline!
Click here to read the full report: EURGBP 05.02
Future Trend