Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees the possibility of another visit to the 0.7896 level. Key Quotes “EUR/GBP has eased back to and recovered just ahead of trendline support at .7642”. “We should see a re-test of the recent high of .7896. We continue to target for .8030/50, this is the measurement higher from the base .7492-.6937 it is also a Fibonacci retracement and we would expect to see initial failure in this vicinity”. For more information, read our latest forex news.