EUR/GBP Technical Analysis

(0,8545) EUR/GBP confirmed another strong closing also last night well above the tops of the previous sessions. The indicators of the daily chart are still well positive but still showing potential negative reversals. The indicators of the s/t charts are instead mixed this morning supporting some consolidation/ correction. The move up failed to form divergences confirming therefore it was just an overshooting that is showing a negative reversal suggesting a s/t target at 0,8369!! We sold the 0,8560 overshooting as suggested.

Click here to read the full report: EURGBP 05.23

 

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