EUR/GBP confirmed last night another weak closing below the low of the previous session suggesting a possible test of the 0,8528 key level, but only after a correction!!
The indicators of the daily chart are now well negative as well as those of the 4h one. Only the indicators of the hourly chart returned above the line supporting the rebound. On the way down the cross formed bullish divergences in the hourly chart supporting now a negative tone.
In the last 24 hours the EUR/GBP formed a reversed S_H_S formation with the neck line at 0,8590, now support. We expect higher levels with the 200 hours line at 0,8704 the attraction!! An hourly closing above 0,8620 will confirm higher levels!!
We wait for a decent rebound to sell.
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