EUR/GBP failed to confirm the positive day reversal forming instead a negative outside day with now 0,8630 – 0,8500 the levels to follow in the coming hours. A break below the support will cause lower levels suggesting an extension of the drop toward the 0,8400 area!!
The indicators of the daily turned again negative and also those of the s/t ones are below the line. Just the indicators of the hourly chart are slowly turning above the line supporting a possible correction. The scenery in the s/t charts is however very well mixed suggesting further consolidation. Possible therefore a retest of the 200 hours line at 0,8572!
We remain on the sideline waiting for stronger signals!
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FUTURE TREND RESEARCH