(0,8340) EUR/GBP is confirming further consolidation interior the inside day with 0,8400 – 0,8270 still the levels to follow in the coming hours. The closing last night was strong above the top of the previous session suggesting further strength. Possible therefore an extension of the move toward 0,8407, a possible neck line of a reversed S_ H_ S formation. The indicators of the daily chart are still positive and also those of the s/t ones are above the line suggesting further upside potential. While above the 200 hours line at 0,8329 we expect therefore higher levels for this cross. On top of that bearish divergences in the hourly chart support a positive tone. We remain on the sideline waiting for buying opportunity!!
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FUTURE TREND RESEARCH