OctaFX | OctaFX Forex Broker
Open trading account

EUR/GBP: Further gains expected above 0.8610 – Commerzbank

The focus of attention in EUR/GBP has now shifted to the 0.8610 level, suggested Karen Jones, Team Head of FICC Technical Analysis Research at Commerzbank.

Key Quotes

EUR/GBP is consolidating below the .8610 resistance. We still believe that it is basing and a close above here is needed to confirm that the market has based. This is likely to act as a trigger on the topside to .8779, the 200 day ma. For now we are relatively neutral.”

“While capped by the .8610 resistance, support at .8453 remains exposed. This guards the .8239 recent low and together with the 55 quarter moving average at .8226 this represents key support.”

ECB's wait-and-see approach doesn't point to much upside for the euro – ING

According to analysts at INF, the euro should largely look through this week's European Central Bank meeting and risks for EUR/USD remains skewed to t
Read more Previous

US Dollar Index Price Analysis: Failure at 97.70 could spark some correction

The index met a tough hurdle in the 97.70 region, where sits the key 200-day SMA and so far yearly highs. A breakout of this area on a convincing fash
Read more Next
Start livechat