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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

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    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”.
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