(0,8556) EUR/GBP formed yesterday a negative outside day reversal with 0,8590 – 0,8495 now the new levels to follow in the coming hours. Only a daily closing below 0,8495 will support a retest of the 200 days line at 0,8463, scenery that we do still favour. The indicators of the daily chart are still well negative but those of the s/t ones are again above the line this morning suggesting a possible retest of the 0,8580 level. A break above this resistance confirmed by an hourly closing will favour even an extension of the correction suggesting a 0,8600 overshooting move that we expect to be a selling opportunity! We stay on the sideline while following the outside day!
Read the full report: EURGBP 08.22
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