EUR/GBP Technical Analysis

(0,8340) EUR/GBP confirmed another weak closing last night, even in the monthly chart supporting further weakness, especially in case of a daily closing below 0,8352!! The indicators of the daily chart are still well negative and now also those of the monthly one are below the line supporting further weakness. The indicators s/ t charts are also negative with fresh bullish divergences confirming a negative tone. The break below 0,8350 confirmed a new negative reversal suggesting a s/t target at 0,8314. We expect further weakness!

Read the full report: EURGBP 10.01

 

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