FXStreet (Edinburgh) - Karen Jones, Head of FICC Technical Analysis at Commerzbank, the bullish momentum in the cross is poised to persist while above 0.7700. Key Quotes “EUR/GBP continues to hold steady and continues to hold trendline support lies at .7700 currently – while under pinned here an upside bias will remain intact”. “We look for a re-test of the recent high of .7896. We continue to target .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”. For more information, read our latest forex news.