(0,8587) EUR/GBP confirmed as well a session of consolidation forming a new inside day with 0,8615 – 0,8530 the levels to follow in the coming hours. The indicators of the daily chart are however still in negative territory while those of the s/t charts are instead showing a mixed picture this morning suggesting further consolidation. While below the resistance line just below 0,8600 we favour a return for this cross toward the 200 hours line, now found at 0,8552. An hourly closing below 0,8575 will support the decline!! We stay on the sideline; the s/t scenery is too mixed to suggest a position!
Read the full report: EURGBP 08.27
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