EUR / GBP is under pressure again. The pair has failed to break through strong resistance at 0.8722 / 32 and Karen Jones, FICC Technical Analysis Research Team Leader, expects to see a test of the neighborhood 0.8471 / 65.
EUR / GBP bid below 0.8732
“EUR / GBP continues to pull back from stiff resistance at 0.8722 / 32 and attention returns to initial support at 0.8533, the low of mid-March and the lows of March and May 2019 at 0.8471 / 65 “.
“For below 0.8465 we would have to allow the 0.8314 / 0.8239 main support zone to be reached (the minimums of December 2016, April 2017, December 2019 and February 2020) “.
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