EUR/GBP confirmed a positive closing but not a strong one missing therefore to confirm the positive day reversal.
The indicators of the daily are still above the line and this morning also those of the s/t ones are in positive territory supporting higher levels. Only an hourly closing above 0,8600 will however support an extension of the move up that we still as a correction. an hourly closing below 0,8565 will instead suggesting a retest of the lows.
We remain on the sideline waiting for stronger signals but overall favour a little higher levels!
Click here to read the full report:
http://www.easyforexnews.net/wp-content/uploads/2011/12/EUR-GBP-12.02.11.pdf
FUTURE TREND RESEARCH