FXStreet (Edinburgh) - In the opinion o Axel Rudolph, Senior Technical Analyst at Commerzbank, the door remains open for a visit of the 0.7057 level. Key Quotes “EUR/GBP is on track to reach the .7057 May low below which lies the .6937 July low and the 38.2% retracement of the move from 1971 at .6915”. “Major resistance continues to be seen at .7518/42 (this is the location of the previous 43 year uptrend, which should now act as resistance and the 2013-2015 downtrend). We will maintain our bearish view while capped here”. For more information, read our latest forex news.