Karen Jones, analyst at Commerzbank, suggests that their negative bias remains entrenched for the EUR/GBP cross after it has recently failed ahead of the .8861/62 (55 and 200 day ma) and cloud resistance at .8887. Key Quotes “Minor support has been eroded to leave the focus on the .8620/18 lows. Only failure at .8620/18 would suggest ongoing weakness to the base of the channel at .8541 and potentially the 200 week ma at .8371. It is on the defensive.” “The market is expected to struggle on rallies to the 200 day ma at .8861/62, and only above here allows for a move to the October .8941 high, which is expected to contain the topside.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Carney’s speech: No comments on monetary policy FX Street 4 years Karen Jones, analyst at Commerzbank, suggests that their negative bias remains entrenched for the EUR/GBP cross after it has recently failed ahead of the .8861/62 (55 and 200 day ma) and cloud resistance at .8887. Key Quotes "Minor support has been eroded to leave the focus on the .8620/18 lows. Only failure at… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
