(0,8397) 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 again strong above the top of the previous session suggesting further strength. Possible therefore an extension of the move toward 0,8406, a possible neck line of a reversed S_ H_ S formation. A break above this level confirmed by a daily closing will support higher levels. The indicators of the daily chart are still well positive and also those of the s/t ones are above the line suggesting further upside potential. Further bearish divergences in the hourly chart support the positive tone. We remain on the sideline waiting for a buying opportunity!!
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FUTURE TREND RESEARCH