13 Jul 2015
EUR/GBP: Upside scope while above 0.7185 - CB
FXStreet (Guatemala) - Karen Jones, chief analyst at Commerzbank explained the conditions for EUR/GBP to hold upside scope while the risks have increased for a challenge to 0.7270, the 2015 resistance line.
Key Quotes:
"Dips should find initial support at 0.7185/55 ahead of the 0.7057 May low. The market has recently charted a key day reversal from the base of the 0.6985 6 year down channel. This was our medium downside target."
Key Quotes:
"Dips should find initial support at 0.7185/55 ahead of the 0.7057 May low. The market has recently charted a key day reversal from the base of the 0.6985 6 year down channel. This was our medium downside target."