According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the outlook on the European cross remains negative as long as 0.8814/45 caps. Key Quotes “EUR/GBP‘s outlook stays negative while capped by its downtrend from August last year at .8814 and its 200 day ma at .8845, and we maintain a negative bias while capped here”. “We will continue to target .8526, the 78.6% retracement of the move from 2017. En route are the .8689/87 December and January lows. Further down sits the .8620 April low and a support line at .8560″. 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 US: May PMI signals further steep improvement in business conditions – Markit FX Street 5 years According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the outlook on the European cross remains negative as long as 0.8814/45 caps. Key Quotes "EUR/GBP's outlook stays negative while capped by its downtrend from August last year at .8814 and its 200 day ma at .8845, and we maintain a negative bias while capped here". "We will continue to target .8526, the 78.6% retracement of the move from 2017. En route are the .8689/87 December and January lows. Further down sits the .8620 April low and a support line at .8560". 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.
