(0,8419) EUR/GBP confirmed a weak closing below the low of the previous session but it failed yet to confirm the move below 0,8392, the previous low. Only a daily closing below this level will support direct lower levels. Anyhow we expect further weakness toward our s/t target at 0,8356! The indicators of the daily chart are still well negative while those of the s/t ones turned mixed this morning supporting some consolidation/ correction. While below 0,8425 we expect however this cross to remain under some pressure suggesting a retest of yesterday’s low with extension toward our target!! We stay on the sideline while waiting for a decent rebound to sell!
Read the full report: EURGBP 09.12
Future Trend