EUR/GBP ANALYSIS

EUR/GBP confirmed la positive closing but the upside was limited finding good resistance already at 0,8645!! 
The indicators of the daily chart are still well negative while those of the s/t ones are mixed supporting further consolidation. In the hourly chart we have however already a negative reversal situation suggesting a possible s/t target at 0,8467.
Only an hourly closing above 0,8645 will postpone the decline favouring an extension of the correction toward the 200 hours line, now found at 0,8694!!
We wait for a decent selling opportunity possibly a little higher and close to the 200 hours line!!

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http://www.easyforexnews.net/wp-content/uploads/2011/11/EUR-GBP-11.03.pdf

 

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