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.
“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.”