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.
“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)