EUR/GBP holding over its near term up trend - Commerzbank

According to Karen Jones, analyst at Commerzbank, EUR/GBP cross has held over its near term up trend at .8962 and while this holds on a closing basis we will assume an upside bias is maintained.

Key Quotes

“The market is struggling to clear the .9101 August high. Above .9101 would target the top of the 2016-2019 channel at .9165. Further consolidation looks likely very near term. Below .8900 lies the 200 day ma at .8859.”