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EUR/GBP gains limited around 0.8162 – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The upside in the cross could run out of steam shortly, according to Karen Jones, Head of FICC Technical Analysis at Commerzbank.

    Key Quotes

    EUR/GBP’s shot higher towards the target .8030/65, this is the measurement higher from the base .7492 - .6937”.

    “Fridays high came very close to here (.8019). We look for the upmove to start to struggle shortly - the 2008-2016 resistance line is located just above here at .8162 so upside scope is now considered to be limited”.
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