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EUR/GBP well supported at 0.7492/0.7508 – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 27, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Edinburgh) - Karen Jones, Head of FICC Technical Analysis at Commerzbank, noted the strong support area around the 0.7500 handle.

    Key Quotes

    EUR/GBP is nervous of the topside having most recently failed just ahead of the 7762 2012 low. This is quite a pivot point and is regarded as formidable resistance near term”.

    “Dips lower are finding good support circa .7492, the October high and .7508 the short term uptrend. Such a move would be regarded as a return to point of break out”.
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