EUR/GBP Technical Analysis

(0,8533) EUR/GBP confirmed a weak closing below the support of the negative outside day supporting further weakness. Possible a direct 0,8500 undershooting toward a s/t target at 0,8477! A daily and weekly closing below 0,8500 will be bearish for this cross! The indicators of the daily chart are still well negative as well as those of the s/t ones supporting further weakness. Bullish divergences confirm a negative tone. Possible rebounds should find resistance at the 200 hours line, now found at 0,8572!!

Read the full report: EURGBP 08.30

 

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