(0,8539) EUR/GBP confirmed a session of consolidation interior Monday’s range forming a new inside day with 0,8575 – 0,8490 the levels to follow in the coming hours. Only a daily closing below 0,8490 will support lower levels. While above we may see a retest of the 0,8600 level if not even above of it!! The indicators of the daily chart are still well positive while those of the s/t ones are showing a mixed picture suggesting further consolidation. Only an hourly closing above 0,8560 will resume the move up; while below we favour a retest of the 0,8500 area!! We got stopped out at 0,8546
Read the full report: EURGBP 06.05
Future Trend
