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EUR/GBP Faces Resistance at 0.8162/0.8200 – Commerzbank
In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank,
the European cross faces strong resistance in the 0.8162/0.8200 band.
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”.
(Market News Provided by FXstreet)
