EUR/GBP Technical Analysis

(0,8460) EUR/GBP is confirming further consolidation interior the inside day with 0,8495 – 0,8395 still the levels to follow in the coming hours. Only a daily closing below 0,8395 will finally support further weakness!! The indicators of the daily chart are still well negative but those of the s/t ones turned above the line for now supporting the corrective rally that could favour a return toward the 0,8500 area before resuming the decline!! The indicators of the hourly chart are already close to the overbought area but we could still see an extension of the move up. Wee suggest selling a 08480 overshooting!!

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