Istvan Varkonyi
Marketprog Ltd.
Hourly chart: The pair is still in a downtrend but the last target price was not reached, add this to the fact that we saw a bounce on the chart this morning and we might see some weakness from the GBP relative to the EUR in the short term. This means a climb to 0,8278 and later to 0,83 above the 200 moving average.
Support is at 0,8240 and the selling should continue if the exchange rate falls below that.
The data release today might have a big effect on the EURGBP, so watch yur step.
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