Home > News > Currency News > Detail
Bookmark and Share

EUR/GBP: Further gains expected above 0.8610 – Commerzbank

2020-01-21 17:01    FXYEAH

The focus of attention in EUR/GBP has now shifted to the 0.8610 level, suggested Karen Jones, Team Head of FICC Technical Analysis Research at Commerzbank.

Key Quotes

EUR/GBP is consolidating below the .8610 resistance. We still believe that it is basing and a close above here is needed to confirm that the market has based. This is likely to act as a trigger on the topside to .8779, the 200 day ma. For now we are relatively neutral.”

“While capped by the .8610 resistance, support at .8453 remains exposed. This guards the .8239 recent low and together with the 55 quarter moving average at .8226 this represents key support.”

EURGBP

0 traders reviewed this item, please leave a reply!

About FXYEAH | Broker Listing | Contribute | Contact Us | Sitemap | TagCloud
Disclaimer: All contents of site are only for your reference, don't suggest you do any investment decision, you should be responsible for your decision.