EUR/GBP expected to fail at 0.8162/0.8200 – Commerzbank

Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees the upside in the cross losing momentum in the 0.8162/0.8200.

Key Quotes

“EUR/GBP remains under pressure following its recent reversal from target”.

“It has a 13 count on the daily chart, complex divergence of the daily RSI and directly overhead lies the 2008-2016 resistance line, which is located just above here at .8162/0.8200 – we look for failure”.