EUR/GBP Faces Resistance at 0.8162/0.8200 – Commerzbank
Analytics & Forecasts

EUR/GBP Faces Resistance at 0.8162/0.8200 – Commerzbank

11 April 2016, 11:40
Roberto Jacobs
Roberto Jacobs
0
70

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)

#eurgbp, Commerzbank, faces resistance at 0.8162/0.8200