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EUR/GBP upside could be capped at 0.7482 – Commerzbank

FXStreet (Edinburgh) - In the view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, occasional bullish attempts in the cross should find a tough barrier around 0.7480.

Key Quotes

EUR/GBP continues to probe its long term downtrend channel resistance line at .7399”.

“Resistance extends from here to .7510. - the August peak lies at .7421 and the next higher May peak is found at .7482 and this should cap the currency pair”.

“Minor support comes in around the 200 day moving average at .7298”.

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