(0,8436) EUR/GBP confirmed another weak closing last night even below the 200 days channel, now resistance at 0,8456 supporting further direct weakness. This should favour a firm test of the 0,8400 key level: a break below of it will confirm a double top formation suggesting a drop toward 0,8000!!!! 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. A break below 0,8425 will support a move toward next target at 0,8356!! Only a move above 0,8460 confirmed by an hourly closing will postpone the decline!
Read the full report: EURGBP 09.05
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