XT_Mobile_970x250_XFR
  1. Hello Guest Would you like to receive a FREE $50 No Deposit Bonus ? Check this

EUR/GBP could re-visit 0.7896 – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 17, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    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.
     

Share This Page

Trade indices Online