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- EUR/GBP to gain bearish traction below 0.9071/61 – Credit Suisse
EUR/GBP to gain bearish traction below 0.9071/61 – Credit Suisse
FXStreet reports that Credit Suisse discusses EUR/GBP outlook.
“EUR/GBP remains capped at the recent high at 0.9230 and the subsequent setback from here maintains a broader choppy range. Immediate support stays seen at the lower end of the price gap from the beginning of the week and price support at 0.9071/61.”
“Below 0.9071/61 is needed to clear the way for a retest of the recent lows and 200-day average at 0.8988/82, but with a break below here needed to rekindle thoughts we are seeing the formation of the ‘right shoulder’ to a larger top and a test of medium-term support at 0.8871/61.”
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