EUR/GBP Remains Under Pressure – Commerzbank
Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees the cross well supported in the 0.7881/0.7827 area.
“EUR/GBP remains under pressure following its recent reversal from target. It has sold off to nearby support at .7927 the February high”.
“Key support remains the four month uptrend line and 55 day ma at .7881/.7827 and these are now exposed”.