Axel Rudolph, Senior Technical Analyst at Commerzbank, believes the cross could attempt to clinch the 0.8030/65 band. Key Quotes “EUR/GBP is about to better its current March high at .7927 and the 200 week moving average at .7934. Above there will see the target .8030/65 engage, this is the measurement higher from the base .7492- .6937 and where the September high was made”. “Immediate upside pressure will be maintained while above the four month uptrend line and 55 day ma at .7745/26. Below here will trigger losses to the 0.7565 38.2% retracement and the .7527 February low”. For more information, read our latest forex news.