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- EUR/GBP to head towards the 0.8732 mark on a close above the 0.8643/65 area – Credit Suisse
EUR/GBP to head towards the 0.8732 mark on a close above the 0.8643/65 area – Credit Suisse
FXStreet reports that analysts at Credit Suisse discuss EUR/GBP prospects.
“Whilst we would look to see a weekly close above key resistance at 0.8643/65 our bias is for this to be achieved to see a base established to reinforce a recovery theme. Additionally, a close above 0.8574 today would also see a bullish ‘reversal week’ established to further reinforce a recovery story. We would then look for a move to 0.8732 next, then the 38.2% retracement at 0.8761.”
“Big picture, we would not rule out a move back to the ‘neckline’ to the medium-term top at 0.8861.
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