OctaFX | OctaFX Forex Broker
Open trading account

EUR/GBP: 0.7482 should cap further upside - Commerzbank

FXStreet (Guatemala) - Karen Jones, chief analyst at Commerzbank explained the recent price action in EUR/GBP.

Key Quotes:

"EUR/GBP broke out of its bull flag and retested its long term downtrend channel resistance line at 0.7396 on Thursday. It fell short of the August peak at 0.7421 before it came off again. Together with the next higher 0.7482 May peak it should cap the currency pair.

Minor support comes in around the 200 day moving average at 0.7298."

EUR/JPY performing on the bid above 200 SMA

EUR/JPY is currently trading bat 135.20 with a high of 135.39 and a low of 134.11.
Read more Previous

EUR/GBP extends gains and approaches 0.7400

The euro is among the top performers on Friday and after the beginning of the US session extended gains and pushed EUR/GBP to fresh highs.
Read more Next
Start livechat