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EUR/GBP supported by 0.7653 – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the European cross remains supported by the trend line at 0.7653.

    Key Quotes

    EUR/GBP remains under pinned by trendline support at .7653 and we look for a re-test of the recent high of .7896”.

    “We continue to target for .8030/50, this is the measurement higher from the base .7492-.6937 it is also a Fibonacci retracement and we would expect to see initial failure in this vicinity”.
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