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6 Aug 2015
EUR/GBP bearish below 0.7186 – Commerzbank
FXStreet (Edinburgh) - In the opinion of Axel Rudolph, Senior Technical Analyst at Commerzbank, the outlook on the cross remains negative while below the 0.7186 level.
Key Quotes
“EUR/GBP remains under pressure and nears the .6937 July low. It will act as the break down point to the .6541 2007 low”.
“A longer term negative bias is entrenched below the 2015 downtrend, which is located at .7186”.
Key Quotes
“EUR/GBP remains under pressure and nears the .6937 July low. It will act as the break down point to the .6541 2007 low”.
“A longer term negative bias is entrenched below the 2015 downtrend, which is located at .7186”.