EUR/GBP failure expected at 0.8162/0.8200 – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the upside in the cross could struggle in the 0.8162/0.8200 band.

    Key Quotes

    EUR/GBP has sold off as expected, the market recently reached target, it has a 13 count on the daily chart, complex divergence of the daily RSI and directly overhead lies the 2008-2016 resistance line, which is located just above here at .8162/0.8200 – we look for failure”.
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