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Sell EUR/GBP on current strength – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Karen Jones, Head of FICC Technical Analysis at Commerzbank, recommended selling the European cross on ongoing strength.

    Key Quotes

    EUR/GBP has recently reached target, has a 13 count on the daily chart, complex divergence of the daily RSI and directly overhead lies the 2008-2016 resistance line, which is located just above here at .8162/0.8200 – we will now sell this currency pair”.
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