EUR/GBP confirmed a break above the resistance of the inside day at 0,8600 supporting further strength with the 200 days line at 0,8744 the possible attraction. We bought as suggested the break out for a possible 0,8680 overshooting!!
The indicators of the daily chart are now positive supporting further strength and also the indicators of the s/t ones are above the line. The rally failed yet to form divergences showing instead an overbought condition in the hourly chart as well as a negative reversal. The base it formed in the last few (many)sessions suggests however a potential target at 0,8695.
We expect therefore higher levels for this cross and suggest keeping the position for a 0,8680 overshooting. An hourly closing above 0,8655 will support the move up!
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FUTURE TREND RESEARCH