9 Jul 2013
Flash: EUR/GBP break out levels – Commerzbank and Dankse
FXstreet.com (Barcelona) - EUR/GBP has broken key resistance
Karen Jones, Chief Analyst at Commerzbank said “The 0.8636 April high should act as a break point to the 0.8793/0.8814 highs seen earlier in the year.” Dankse Banks technical analyses suggest the next resistances will be 0.8656, 0.8660 and 0.8703. Key support is sighted at 0.8536 before 0.8510. Karen Jones at Commerzbank said She said failure at 0.8470, although less favoured, would re-target to the 0.8422 mid-May low and the 2012-13 support line at 0.8420.
Karen Jones, Chief Analyst at Commerzbank said “The 0.8636 April high should act as a break point to the 0.8793/0.8814 highs seen earlier in the year.” Dankse Banks technical analyses suggest the next resistances will be 0.8656, 0.8660 and 0.8703. Key support is sighted at 0.8536 before 0.8510. Karen Jones at Commerzbank said She said failure at 0.8470, although less favoured, would re-target to the 0.8422 mid-May low and the 2012-13 support line at 0.8420.