EUR/GBP remains under pressure – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees the cross well supported in the 0.7881/0.7827 area.

    Key Quotes

    EUR/GBP remains under pressure following its recent reversal from target. It has sold off to nearby support at .7927 the February high”.

    “Key support remains the four month uptrend line and 55 day ma at .7881/.7827 and these are now exposed”.
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