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EUR/GBP pullbacks could find support at 0.7691/19 – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, pullbacks in European cross should find support around 0.7691/19.

    Key Quotes

    EUR/GBP’s high of .7896 has been accompanied buy a large divergence of the daily RSI and this suggests a loss of upside momentum and that we are likely to see some corrective price action this week”.

    “Dips should find support at .7691 20 day ma and the .7619 short term uptrend”.
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