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- EUR/GBP: expecting a fresh hold near 0.8520 - Credit Suisse
EUR/GBP: expecting a fresh hold near 0.8520 - Credit Suisse
eFXdata reports that Credit Suisse discusses EUR/GBP technical outlook.
"EURGBP extends its consolidation but with support at .8617 broken our broader bias stays bearish and post this consolidation we look for a retest of more important Fibonacci support, seen at .8520 – the 38.2% retracement of the entire 2015/2020 bull trend. Although a fresh hold here should be allowed for and an eventual break can see a move to the “measured top objective” at .8430 and eventually we think the key lows of 2019 and 2020 at .8281/39," CS notes.
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