(0,8418) EUR/GBP formed a negative outside day with 0,8485 – 0,8390 now the levels to follow in the coming hours. A daily closing below 0,8390 will already resume the decline. The indicators of the daily chart are still negative while those of the s/ tones are showing a mixed picture this morning suggesting some consolidation. The drop since the top at 0,8474 is finding good support above the 200 hours line with potential positive reversals showing up in the hourly chart. While above the 200 hours line at 0,8405 we could well see a retest of last week’s top. We prefer remaining on the sideline following the negative outside day!
Read the full report: EURGBP 09.24
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